United States Department of the Treasury

Senate Republicans who oppose the release of the second $350 billion of the Troubled Asset Relief Program, known as TARP, are facing an uphill battle. The Takeaway is joined by Republican Senator Jim DeMint of South Carolina.

Between the ongoing confirmation hearings and increasingly tense negotiations on the stimulus package and TARP, it’s sure to be another momentous day on the Hill. The Takeaway’s guest host, Capitol News Connection reporter Todd Zwillich, gives us details.

Treasury Secretary Hank Paulson said yesterday he would do whatever it takes to lift the economy. This latest rescue move is the first time both the Treasury and Fed have teamed up to lend a helping hand directly to consumers.