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Obama considers $250B more for bailout

Posted on February 27, 2009 8:00 AM
President Obama unveiled a 2010 budget blueprint Thursday, crafted to address the ongoing economic crisis and perceived abuses committed by the financial industry.

The proposed plan not only sets aside $250 billion more for the bank bailout, if the Obama administration decides to ask for it, but also provides greater funding for debilitated securities and futures regulators and would raise taxes on investment managers, hedge funds and private equity funds.

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