We learn from the office of the Minority Leader in the Senate Mitch McConnell that Obama will face bi-partisan opposition to the release of any more TARP funds until Congress can get a handle on what the heck recipients did with the first $350 billion:A week before his inauguration as president, Barack Obama is getting a taste today of the difficulty of actually governing the country. Obama will be making his way to Capitol Hill later in the day to ask Democrats in Congress to approve the second $350 billion from the Troubled Asset Relief Program (a.k.a. the financial rescue bill). However, CQ Today writes, “[A] nasty battle is brewing in Congress between supporters of releasing the funds and those who have voiced considerable discontent over the way Treasury allocated the first half of the funding for its Troubled Asset Relief Program (TARP), enacted last October (PL 110-343). Congress now has 15 days to block the move through a resolution of disapproval, which...(Read Full Post)