Tuesday, June 29, 2010

TARP Money May Help Fund Financial Reform Legislation

CNBC reports:
Lawmakers are now considering ending the TARP program early and using the money to help fund the new financial overhaul bill, CNBC has learned.

The proposal is being weighed as Democrats scramble to save the bill, whose final approval is in jeopardy because of objections to roughly $19 billion in new bank fees and taxes that was inserted into the bill at the last minute to pay for other measures in the legislation.