WASHINGTON – President-elect Barack Obama advised President George W. Bush on Monday that he intends to tap the remaining $350 billion in financial sector rescue funds and Bush agreed to submit the notification on his behalf to Congress, the White House said.
Congress would have 15 days to reject the request.
The request would give Obama not only the opportunity to get access to the money, but also to change its goals and conditions. The Bush administration's handling of the first $350 billion has come under widespread criticism in Congress and from watchdog organizations.
Obama and his economic team have signaled that he was eager to use the money to help reduce the number of mortgage foreclosures and that he wanted to place greater restrictions on institutions that receive the funds. The move comes as Democrats in the House of Representatives prepare to act on legislation that has some of the same aims.
Earlier Monday, Bush told reporters that he would not request the money form Congress unless Obama "specifically asked me to make it." About two hours later, White House press secretary
Dana Perino said that Obama had indeed asked Bush to submit the request.
The claim that is being made is the 35b bailout amount proprsed by President-elect, Barack Obama and tPresident Bush is not submitting the rquest.
The following text above is an example of a claim of fact
In the text, it states that Bush did not submit the request.
Whenever you are discussing another online text, you should include the url or a link so that I can see whether your explanantion is accurate or not, and so I can help you identify further insights into the piece.
ReplyDeleteIt seeems, from what you copied here,that the request was submitted. You state, though, that the text says it was not submitted. Withotu access to the original article, I can't detemrine which is correct.