Obama Will Get Next $350B, Pelosi Signals

Speaker sees close vote on authorizing remaining bailout funds
By Kevin Spak,  Newser Staff
Posted Jan 14, 2009 12:39 PM CST

(Newser) – Barack Obama will get the $350 billion in bailout funds he’s asking for, House Speaker Nancy Pelosi indicated today on ABC’s Good Morning America. The Democrat didn’t explicitly guarantee victory in what’s expected to be a close vote, but said she believed Obama would get the money because this time it’ll be spent by “a president who’ll enforce the law.”

Congress would be hard-pressed to prevent Obama from getting the cash. In a vote expected tomorrow, the Senate is likely to approve the funding, while the House could reject the measure. Obama has promised a veto in that instance, and it would then take a two-thirds majority in both houses to override him and keep him from spending the money.