Bush to ask for secondary investment of $350 billion.
President-elect Barack Obama and President Bush are joining forces to fix the ailing economy. Bush will ask Congress to release the secondary bailout funds—amounting to $350 billion—while Obama will work to "rebrand" the program to disassociate it from criticisms of the initial Treasury program. Obama plans to add increased transparency to the allocation and include ways for consumers, homeowners, and entrepreneurs to tap the funds.
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