Number one item on Henry Paulson’s Christmas list? The second half of the $700 billion rescue funds that he had originally set aside to pass onto Barack Obama. Paulson has requested that Congress make those funds available to him. With the commitment of $17.4 billion to the auto industry, the first half is essentially spent. In order to receive the money, Paulson will have to submit a report to Congress specifying how he’ll use the funds. Paulson needs the funds, he said in a statement, “to support financial market stability.”
Read it at Associated Press
