Short a Billion (or a Tad More)

In The Economist’s “The world this week” news briefs, we get an update on the bailout heard around the world:

Barack Obama began drumming up public support for his stimulus package, and also pushed Congress to release funding for the second half of the $700 bail-out programme that it agreed to last October. Politicians in both parties want to expand the programme’s remit beyond banks.

Wait, “the $700 bail-out programme”? Where’d the billion(s) go?

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Jane Kim is a writer in New York.