Congress voted down the ending of the TARP bank bailout program. The TLGP program also continues, and it is being used by banks that are touting that they supposedly paid back the money.
US Senate Votes Down Measure Seeking To End TARP
By Corey Boles, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- The U.S. Senate narrowly voted to defeat a proposal to immediately end the Treasury's financial market rescue plan as several moderate Democrats sided with the Republican minority in favor of the measure.
The proposal would have sought to wind down the Troubled Asset Relief Program, and require the Treasury to use any unspent funds to pay down the burgeoning federal government budget deficit.
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