Friday, January 09, 2009

Congressional Panel Releases Report on TARP

Today a bipartisan congressional oversight panel has released its second report, entitled Accountability of the Troubled Asset Relief Program. Both the Wall Street Journal and the Washington Post have issued articles about the report, which criticizes the U.S. Treasury Department for its failure to restore lending to consumers and to fulfill the stated purpose of the relief program (TARP). A PDF of the full, 45-page report can be found via the House of Representatives' website.

Related to this report, House Financial Services Committee Chairman Barney Frank created an outline of a bill that would amend the TARP provisions in the Emergency Economic Stabilization Act of 2008 (see our blog post from October 2 of last year).

Explore the websites of the House, Senate, and Treasury Department for their latest strategies to rescue the U.S. economy. For additional resources, refer to our guide on Business and Economic Information.

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