Obama presses urgency of bailout funds, senators say

[firedupdem]

Edit: I found an article.

CNN) -- President-elect Barack Obama on Tuesday tried to convince Senate Democrats to get behind his plan for the second half of the $700 billion bailout, warning he would veto a threatened disapproval resolution, according to senators who met with him.

Obama on Monday asked President Bush to inform Congress of his intent to use the remaining balance under the Treasury Department's $700 billion Troubled Asset Relief Program, or TARP. Bush sent a request to Congress on behalf of the incoming administration.

Obama met with Senate Democrats on Capitol Hill to make his case for how he wants to spend the funds and to rally support for his economic stimulus plan.

Obama also attended the weekly lunch of Democratic senators in what was his final visit to the Senate before his inauguration next week.

Obama took about 15 questions, many of which were from Democrats skeptical of TARP, senators in the meeting said. Obama repeatedly promised to make the process more transparent, they said.

http://www.cnn.com/2009/POLITICS/01/13/transition.wrap/index.html