Paulson wants more cash as Tarp bails out Detroit

Hank Paulson, the US treasury secretary, has called for Congress to hand over the remainder of the $700 billion in taxpayer funds allocated to the Troubled Asset Relief Plan (Tarp). Paulson's pleas followed news that George W. Bush, the US president, pledged Tarp funds to bail out America's carmakers.

The president said on Friday that the White House would make loans worth a total of $13.4 billion available to General Motors and Chrysler, two of America's big three carmakers, immediately and a

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