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Bailout Funds Released As Banks Keep Sinking

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Bailout Funds Released As Banks Keep Sinking

Economy

Bailout Funds Released As Banks Keep Sinking

Bailout Funds Released As Banks Keep Sinking

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  • <iframe src="https://www.npr.org/player/embed/99514929/99514889" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Amid mounting losses at the nation's banks, President-elect Obama succeeded in prying another $350 billion in Troubled Assets Relief Program funds from Congress to fight the financial crisis.

Meanwhile, Democrats in the House outlined their ideas for a stimulus package totaling $825 billion as speculation mounted the package would ultimately hit a trillion dollars.

Host Scott Simon talks to NPR's Economics Correspondent John Ydstie.

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