The First Draft: Tuesday, Nov. 25

November 25, 2008

Treasury Secretary Henry Paulson will announce a new program to increase the availability of student loans, credit cards, auto loans and other forms of consumer credit, according to the Wall Street Journal. It will cost between $25 billion and $100 billion, using the $700 billion already allocated through the Troubled Asset Relief Program.

Paulson speaks at 10 a.m. EST.

President-elect Obama holds another press conference today. Yesterday, he said he’d push for a massive increase in government spending to jolt the country out of a recession; today he’s expected to talk about what cuts he’ll make in the federal budget when he takes office on Jan. 20. 
He’ll speak at noon EST.

Other than that, things look pretty quiet as many begin their Thanksgiving holiday early.

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