Bailout watchdog: Where's the spending plan? - WKOW 27: Madison, WI Breaking News, Weather and Sports

Bailout watchdog: Where's the spending plan?


WASHINGTON (AP) -- The top government watchdog overseeing the nation's financial bailout says she's frustrated by the Treasury Department's refusal to explain how it's doling out billions in taxpayer money.

  Harvard professor Elizabeth Warren, the chairwoman of a congressional oversight panel, traveled to Washington Thursday to get answers on how the Treasury is managing the unprecedented bailout.

  In an interview with The Associated Press, the Democratic-appointee said she doesn't understand why it's taken so long for the Bush administration to explain its plan.

  She says she doesn't want to believe it's because there never was a plan for spending $700 billion in taxpayer money to rescue banks.

  Warren says the American people deserve to know how their money is being spent.

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