Administration Seeks an Out on Bailout Rules for Firms

Apr. 4, 2009

The Obama administration is engineering its new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restrictions imposed by Congress, including limits on lavish executive pay, according to government officials.

Congressman seeks review of bailout rules

WASHINGTON, April 4 (UPI) -- A New York congressman says he'll review the Obama administration's decision to sidestep some restrictions imposed by Congress on bailout funds.

Congress wants bailout expansion pricetag

WASHINGTON, Jan. 24 (UPI) -- Congressional leaders are urging President Barack Obama to quickly determine how much he'll need if he expands the financial system bailout, observers say.

Obama pushes stimulus plan, bailout funds

WASHINGTON, Jan. 13 (UPI) -- U.S. President-elect Barack Obama, at lunch Tuesday with Democratic senators, discussed how his administration would spend the remaining federal bailout funds.

Obama team, Treasury meet on bailout

WASHINGTON, Dec. 6 (UPI) -- U.S. Treasury Department officials have talked with the Obama transition team about tapping $350 billion in unused financial bailout funds, sources say.

Code Pink protesters see red over bailout

WASHINGTON, Oct. 1 (UPI) -- A group demonstrated in the Senate offices of U.S. presidential candidates John McCain and Barack Obama, protesting their support of a Wall Street bailout.

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Vietnam Veterans Memorial Commemorated in Washington

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A U.S. Air Force B-52 flies over the Vietnam Veterans Memorial during commemoration of 50th anniversary of the war on May 28, 2012 in Washington, DC. President Barack Obama is at the base of the wall left center. More than 58,000 names of the servicemen who were killed or missing in the war are engraved on The Wall. The B-52 bomber was used extensively during the Vietnam War. UPI/Pat Benic

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