Senate OKs Another $350 Billion

Bailout

Updated Apr. 25, 2017 4:23PM EDT / Published Jan. 15, 2009 12:32PM EST

The Senate approved the release of the second half of the $700 billion financial bailout package this afternoon, giving Barack Obama a major political victory before he even takes office. The roll call vote came down 42-52 against a resolution sponsored by Senator David Vitter disapproving of the release of the money. Obama took to the phones this week, reaching out to both Democrats and Republicans in an attempt to have the funds released. Senate Majority Leader Harry Reid urged the Senate to reject the resolution. "I believe this is the road to a recovery for our country," he said. "Let’s just trust Barack Obama."

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Senate OKs Another $350 Billion