From the page: "Paulson, who is overseeing the bailout program for the Bush administration, changed course and announced last week that the government would not use any of the money to buy rotten mortgages and other bad assets from banks. That had been the centerpiece of the plan when Paulson and Bernanke originally pitched it to lawmakers."
From the page: "President-elect Barack Obama will have limited authority to overturn federal regulations approved in the waning months of the Bush administration. But a little-used power offers the new Democratic Congress an early test of how aggressively lawmakers might unravel such rules pushed through by Republicans.
Under a special fast-track authority, Congress could repeal current rules from as far back as May. Many are related to the environment and health. Aside from congressional action, such changes involve a laborious rule-making process that can take years."
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