January 15th, 2009
04:58 PM ET
5 years ago

Senate approves release of additional $350B for bailout

WASHINGTON (CNN) - The Senate voted Thursday afternoon to release the remaining $350 billion dollars of the Troubled Asset Recovery Program (TARP) bailout fund.

The Senate's 52-42 rejection of a resolution of disapproval on the release of the funds means that President-elect Barack Obama can spend the money with no additional restrictions.


Filed under: Candidate Barack Obama • Economy • Senate
soundoff (81 Responses)
  1. HAWK

    Bush needs to keep his filthy hand off our money.If so– CHANGE HAS COME TO AMERICA :)

    January 15, 2009 09:32 pm at 9:32 pm |
  2. Snake eyes

    ITS NOT EVEN OUR MONEY-WE ARE BORROWING IT FROM CHINA!!!

    January 15, 2009 09:34 pm at 9:34 pm |
  3. Rick Sutter

    If not for the fact that I live here, it would be fun watching the light go out of the eyes of all the Obama fanatics who were sold down the river.

    January 15, 2009 09:46 pm at 9:46 pm |
  4. aware

    Cowards all! :(

    I have PEBO fatigue!

    January 15, 2009 09:56 pm at 9:56 pm |
  5. M.R

    People stop complaing about the spending.What ideas do you have to overcome this economic disaster we are in.Obama is not profiting from this he is doing it for families that have gone to bed every night for so long not knowing if they can afford to keep their homes and afraid to spend money because they may lose their jobs.You better wake up and smell the salt because if Obama doesn't follow his plan this time next year you will wish to God he had.JEEZ people where do you think doing nothing is going to take us but further into a economic disaster than we already are.You cry about him spending well it wasn't a problem when some of you were maxing your credit cards into debt and buying houses you couldn't afford and guess who ended up withn those debts the american people so give Obama a break for cleaning up behind your ignorance of spending

    January 15, 2009 09:56 pm at 9:56 pm |
  6. Arden

    Thank God there is a new man in charge. (or almost) Now let's make sure somebody is watching how this is spent. We should should know every minute of every single day how our money is being spent.

    January 15, 2009 10:01 pm at 10:01 pm |
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