Remainder of TARP funds cleared for use

The Senate voted 52-42 to release the second half of the Troubled Asset Relief Program funding, rapidly advancing the economic agenda of President-elect Barack Obama. The vote, which both Obama and President George W. Bush supported, comes as the banking industry suffers renewed distress. "I know this wasn't an easy vote because of the frustration so many of us share about how the first half of this plan was implemented. Now my pledge is to change the way this plan is implemented and keep faith with the American taxpayer," Obama said.

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