Auto Bailout: Just $15B left in first $350B of gov't bailout - KAIT Jonesboro, AR - Region 8 News, weather, sports

Washington, DC

Auto Bailout: Just $15B left in first $350B of gov't bailout

WASHINGTON (AP) - The government says it has just $15 billion left to spend from the first $350 billion pot of financial bailout money.

The Treasury Department says $335 billion has been allocated from the first half of the $700 billion program, which was enacted on Oct. 3. Treasury Secretary Henry Paulson, who is overseeing the program, is weighing tapping the second $350 billion. The main goal of the program is aimed at getting financial institutions to lend money more freely again, which would help revive the economy.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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