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Senator Bennett visits Utah Senate Committee of the Whole to discuss stimulus, TARP, banking oversight and health-care proposal
Summary
U.S. Senator Bennett answered senators’ questions in a Committee of the Whole session, addressing bipartisanship on the stimulus package, differences between TARP and the stimulus, possible bank nationalization, canceled federal leases and the bipartisan Wyden-Bennett health-care proposal.
U.S. Senator Bennett appeared before the Utah State Senate in a Committee of the Whole on Feb. 19 and took questions from senators about the federal response to the economic crisis, energy leases canceled by the Interior Department, and bipartisan health-care legislation he co-sponsored.
Bennett said two distinct federal responses were underway: TARP (Emergency measures aimed at restoring liquidity to credit markets) and the stimulus spending package (intended to address the broader recession). "TARP was aimed at dealing with that and we are seeing signs that TARP was to that extent successful," he said, distinguishing the programs and warning that the stimulus package was rushed by artificial deadlines established during the…
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