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Washington - Tested before taking power, President-elect Barak Obama privately delivered a pre-inauguration veto threat to fellow Democrats on Tuesday, saying they would not deny him use of the remaining $350 billion in federal bailout funds.
Obama coupled his threat with a promise to revive elements of the original bailout program that have drawn widespread criticism, pledging that billions will go toward helping homeowners facing foreclosure. Several Democrats said his commitments, to be made in writing, wouldbe enough to prevent an embarrassing pre-inauguration drubbing for the president-elect when the Senate votes this week.
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I'm glad we still have a large supply of popcorn in the lounge.
Obama warns Democrats of veto over bailout funds
