Administration extends $700B bailout - East Valley Tribune: Business

Administration extends $700B bailout

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Posted: Wednesday, December 9, 2009 1:53 pm | Updated: 12:40 am, Sat Oct 8, 2011.

WASHINGTON -- The Obama administration has extended the $700 billion financial bailout program until October, setting up a struggle between Democrats who favor using some of the leftover money to help generate jobs and Republicans who say it should be used to shrink soaring budget deficits.

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