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Focus (Forum & Focus)

Feb. 3, 2009

Tightening the Purse Strings

A new reform effort by the House seeks to rein in the spending that went unchecked after the first round of TARP funds, write Nicole Ibbotson and Kevin Petrasic. - Focus Column

FOCUS COLUMN

By Nicole Ibbotson and Kevin Petrasic

Where did all the money go? That is what many are asking with respect to the initial $350 billion of the Troubled Assets Relief Program that seemed magically to disappear last year. Now that Congress has approved the second $350 billion for the Obama administration to spend, people on and off the Hill are demanding measures to avoid the perceived mistakes of the first go-round. On Jan, 21, the Ho...

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