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Paulson debates next $350 billion in bailout

Posted 2008/12/03 at 2:31 pm EST

NEW YORK, Dec. 3, 2008 (Reuters) °™
Treasury secretary
Henry Paulson is debating whether to ask Congress for the next $350 billion in the $700 billion U.S. bailout, the Wall Street Journal reported on its website on Tuesday.

If he requests the funds he is expected to request them next week, the Journal reported. The newspaper said Paulson is concerned about a potentially hostile reaction from lawmakers and competing demands for funds.

(Reporting by Emily Chasan; Editing by Kazunori Takada)

Treasury Secretary Henry Paulson speaks at the World Affairs Council of Washington meeting about "The U.S.-China Strategic Economic Dialogue" in Washington, December 2, 2008. REUTERS/Larry Downing

Published at:2008-12-19 11:37:43
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