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Economy: Budget / Bailout Money #917808

CBS Evening News for Tuesday, Jan 13, 2009
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(Studio: Katie Couric) Treasury Department report on the federal budget deficit for the quarter noted.

(Washington: Sharyl Attkisson) President-elect Barack Obama's push for the release of the second half of bailout funds after the first money went to banks rather than mortgage relief examined; details given about the deal between Citigroup and MorganStanley, both of whom got bailout money; scenes shown from Congressional hearings on conditions for the next bailout money. [Senator Ron WYDEN†- says Americans are infuriated.] [Equity strategist Peter BOOCKVAR† - says they {Citi} are a troubled bank.] [Interim assistant Secretary of Treasury Neel KASHKARI†- says only healthy banks are eligible for the program.] [Representative Barney FRANK - calls it the "trust but verify" bill.] [Senator Harry REID, Representative Spencer BACHUS†- offer views on the bailout money bill.]

Reporter(s):
Couric, Katie;
Attkisson, Sharyl
Duration:
00:02:20

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