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Paulson Says Congress Should Release Rest of Wall St. Bailout Money

Dec. 19, 2008
Treasury Secretary Henry M. Paulson Jr. said today Congress must release the second half of the $700 billion rescue package to shore up the financial markets, noting that nearly all of the funds remaining at his disposal have now been committed for a loan to the nation's automakers.
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Paulson: Bailout not for auto industry

Paulson: Bailout not for auto industry

WASHINGTON, Nov. 12 (UPI) -- The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.

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WASHINGTON, Nov. 12 (UPI) -- The federal government backed off a plan to buy toxic mortgages, U.S. Treasury Secretary Henry Paulson said Wednesday, favoring a program of investment.

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Pickens: 'I'd give Paulson the money'

WASHINGTON, Sept. 25 (UPI) -- Oilman T. Boone Pickens said Thursday the United States should give the Treasury secretary funds for a financial sector bailout "and tell him to get it fixed."

Paulson says bailout protects taxpayers

WASHINGTON, Sept. 23 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. said Tuesday a $700 billion bailout plan would cost taxpayers less than allowing financial firms to fail.

Paulson says bailout carries least risk

WASHINGTON, Sept. 21 (UPI) -- Treasury Secretary Henry Paulson said Sunday the rescue plan for Wall Street would help everyday Americans by unclogging the U.S. financial system.

Paulson, Dems negotiate $700B bailout bill

WASHINGTON, Sept. 21 (UPI) -- U.S. Treasury officials and congressional negotiators met in weekend sessions to craft a massive, $700 billion financial industry bailout bill.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler