Obama signals $250B for banks (Dealscape

President Obama is sending Congress a proposed budget Thursday that anticipates setting aside up to $250 billion more for the existing bank bailout and bringing the 2009 budget deficit to $1.75 trillion.

Obama's first budget includes the provision to allot the funds to banks if needed, according to White House officials. That would be on top of the $700 billion Congress has already approved for the financial bailout program meant to deal with bank's toxic assets and their inability to lend.

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NOT A SUBSCRIBER? Obama signals $250B for banks Posted on February 26, 2009 2:35 PM President Obama is sending Congress a proposed budget Thursday that anticipates setting aside up to $250 billion more for the existing bank bailout and bringing the 2009 budget deficit to $1.75 trillion. Obama's first budget includes the provision to allot the funds to banks if needed, according to White House officials. That would be on top of the $700 billion Congress has already approved for the financial bailout program meant to deal with bank's toxic assets and their inability to lend. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 1,167 in-depth reports of Private Equity deals in the Financial Services sector 115 articles related to Barack Obama 94 articles related to Ben Bernanke 61 articles related to Timothy Geithner 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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