Barack Obama made sure that anyone who might oppose his plan for rolling out the next part of the $750 billion bailout package understands that he means business: In a meeting Tuesday on Capitol Hill, he threatened to veto a possible disapproval resolution, according to Democratic senators who met with him.


CNN:

President-elect Barack Obama on Tuesday tried to persuade 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. Barack Obama met with Senate Democrats for the last time before next week’s inauguration.

Barack Obama met with Senate Democrats for the last time before next week’s inauguration.

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.

Read more

Wait, before you go…

If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface.  We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.

Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.

Support Truthdig