Tuesday, December 8, 2009

Obama: Use TARP for job creation

President Obama is expected to announce Tuesday that he wants Congress to redirect a certain portion of leftover Wall Street bailout funds toward job creation measures, White House officials told CNN.

That would come on the heels of news Monday that the White House was reducing the expected loss from the bailout by $200 billion. Potential job-creation ideas include building roads and bridges, "weatherizing" homes to reduce energy bills and lending to small businesses.

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