President Barack Obama’s commitment to provide $275 billion to help about 9 million distressed homeowners indicates his administration's aggressive stance towards stopping foreclosures.
Obama faces his first big test in the Senate as Democratic and Republican senators debate whether to release the second $350 billion of TARP for his own foreclosure prevention program.
The U.S. Senate approved the release of the second half of the Troubled Asset Relief Program to Barack Obama because of his promise to spend most of the money to mitigate foreclosure.
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