US bailout repayment seen bigger than expected


WASHINGTON: The Obama administration is expected to announce next week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition.

Citing unnamed sources who spoke on the condition of anonymity because the official announcement has not been made yet, the newspaper report said the size of the repayments may be twice the initial estimate of US$25bil.

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