WASHINGTON — The Senate on Tuesday narrowly defeated a measure to cut the Treasury's authority under the Troubled Asset Relief Program, with the close vote showing lawmakers' growing impatience with bank bailouts.

The measure received 47 votes in favor, 48 opposed. It would have blocked Treasury from recycling any Tarp funds that are repaid by bank recipients. Treasury would have been required to reduce the balance of its Tarp authority by an amount equal to the funds the bank has repaid.

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