Bush Team Reportedly Won’t Request More Bailout Cash

The development puts the issue in Barack Obama’s hands

By SHARE

Looks like the Bush administration is going to punt this issue to Barack Obama:

From Bloomberg:

The Bush administration told congressional aides it won't ask lawmakers to release $350 billion remaining as part of the $700 billion U.S. financial- rescue package, people familiar with the matter said.

The administration of President George W. Bush ends in less than 10 weeks, and a delay in requesting the cash would leave it to President-elect Barack Obama to tap remaining cash in the bailout money.

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Wall Street

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