by Calculated Risk on 1/12/2009 11:26:00 AM

WSJ Headline: Obama has asked Bush to request the remaining $350 billion in TARP funds from Congress.

UPDATE: From CNBC: Bush to Seek Rest of TARP Money At Obama's Request

President-elect Barack Obama asked President Bush to request the remaining $350 billlion of the Wall Street bailout fund, and the White House said Bush would do so.

"President Bush agreed to the president-elect's request," White House spokeswoman Dana Perino said in a statement.
...
The request would permit Obama's administration to have the ability to use the money shortly after taking office.