Obama aide won’t rule out more money for bailouts (Reuters)

Former U.S. Treasury Secretary Lawrence Summers (R), U.S. President-elect Barack Obama's National Economic Council Director-designate, listens to Obama as he announces the members of his economic policy team during a news conference in Chicago, November 24, 2008. (John Gress/Reuters)Reuters – President Barack Obama’s top economic adviser would not rule out on Sunday that more money may be needed to stabilize the financial system as a deep recession increases banks’ losses.

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