WASHINGTON -- Treasury Undersecretary John Robson, acting to speed up congressional approval of thrift cleanup legislation, yesterday promised lawmakers that a formal request for action on the bill will be sent shortly to Congress.

Mr. Robson's statement came soon after Rep. Frank Annunzio, D-Ill., the chairman of the House Banking Committee's financial institutions subcommittee, said his panel would not authorize more money for the thrift rescue unless the Treasury Department submits a formal request.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.