Legislators: Apply Refunds to Debt

More than two dozen House Republicans signed a letter calling on President Obama to clarify what he plans to do with the $68 billion that large financial institutions are planning to return to the Treasury Department's financial rescue fund.

The letter, which House Minority Leader John Boehner, R-Ohio, and other GOP lawmakers sent Friday, questioned whether the funds returned to the $700 billion Troubled Asset Relief Program would be used to pay down federal debt. The lawmakers urged Obama to move quickly to pay down debt.