House Passes Symbolic Tarp Block

The House voted Thursday to block the release of the remaining bailout money, but the resolution was largely symbolic.

By a vote of 270 to 155, the House passed a measure that would prevent the Obama administration from using $350 billion from the Troubled Asset Relief Program.

Congress created the $700 billion program in October with the caveat that the Treasury Department would have to come back if it wanted to access the second half of the funds.

But the House vote is essentially meaningless, since both chambers of Congress must vote to block the funds. The Senate voted 52 to 42 on Jan. 15 to release the money.

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