Senate approves bail out plan
Published:Friday | January 16, 2009 | 9:07 AM
The US Senate has given approval for President-elect Barack Obama to spend the remaining $350 billion of the US financial bail-out fund.
Some fierce opposition to the move was quelled after Mr Obama\'s team promised that up to $100 billion of the fund would be spent on tackling the mortgage crisis.
The vote came after Democrats in the House of Representatives unveiled plans for a separate $825 billion stimulus plan.
The mix of tax cuts and spending is aimed at turning around the US economy.