facebook
twitter
rss
account
search
search
 

Hearing to focus on TARP waste prevention

March 6, 2009 at 4:42 PM   |   Comments

WASHINGTON, March 6 (UPI) -- Rep. Dennis Kucinich, D-Ohio, says he wants the U.S. Treasury Department to explain its efforts to prevent waste and abuse of federal bailout funds for banks.

Kucinich, chairman of the Domestic Policy Subcommittee of the Oversight and Government Reform Committee, scheduled a hearing Wednesday to evaluate the department's data collection procedures for monitoring use of funds allocated from the Troubled Assets Relief Program.

The hearing also will examine Treasury's ability to detect and prevent waste and misuse of TARP monies, as well as look into examples of how TARP recipients spent their funds, the Ohio congressman said in a release.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Britain to pay off some World War I debt Britain to pay off some World War I debt
2
Interstate 270 drivers scramble after bag of cash falls off truck Interstate 270 drivers scramble after bag of cash falls off truck
3
Virgin Galactic space plane crashes during test flight, pilot dead Virgin Galactic space plane crashes during test flight, pilot dead
4
Judge won't allow Maine to quarantine Ebola nurse Judge won't allow Maine to quarantine Ebola nurse
5
Pakistan seeks coastal patrol cutters from U.S. Pakistan seeks coastal patrol cutters from U.S.
Trending News
Around the Web
x
Feedback