and congress may not have enough votes to block it....
The White House notified Congressional Democrats on Friday that it is considering asking for the second half of the $700 bailout funding.
NEW YORK (CNNMoney.com) -- The Bush administration may soon ask Congress for the remaining $350 billion from the $700 billion Troubled Asset Relief Program (TARP) passed in October, a Democratic leadership source confirms to CNN.
Congressional Democrats were notified Friday afternoon by the White House that they could get a request soon for the second half of the allocated bailout funds. Once Congress receives the request for the money, both chambers can try to block the release of the money if they do so within an expedited time frame.
According to the Democratic source, who did not want to be named because no decisions have been made,
Democratic leaders are not sure if the votes would be there to block President Bush from accessing the funds. If President-elect Obama signs onto the Bush request, it may make it easier for Democrats to vote yes, the source said.http://money.cnn.com/2009/01/10/news/economy/bush_request_restoftarp/index.htm