Meltdown

Obama May Need Second Bailout—And Quick

Barack Obama may be stuck with an ugly political battle in his first month, as Democrats warn that a second bailout bill for banks and auto companies could be needed within weeks. The first $700 billion package is already running low and banks have fallen into a second crisis period with giants like Citigroup and Bank of America already floundering despite receiving billions to prop them up earlier. Britain has already expanded their bailout by $147 billion recently on the news. Begging Congress for more funds would be an unwelcome distraction for Obama as he tries to rally support for his ambitious stimulus package, currently priced at $825 billion.