Legislators: Apply Refunds to Debt

June 2009
American Banker;6/15/2009, Vol. 174 Issue 113, p12
Trade Publication
The article reports on a letter written by U.S. House Republicans to U.S. President Barack Obama. Over two dozen House Republicans signed a letter to Obama which asks what will be done with the $68 billion that large financial institutions will be returning to the U.S. Treasury Department's Troubled Asset Relief Program. They suggested Obama use it to repay the federal debt.


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