Focus now on Rescue Plan - Administration claims that it is 'On Track'

The word is that Barack Obama's administration claims that the rescue plan for the financial crisis the country is in was running on schedule. Because of the complexity of the problem, an administration official claims that it would take extra time.

Details of the plan to help the credit markets and banking system has never been announced to this point and a date is not known at this time. But with the possible vote for the economic plan to surface in the congress, more information may be known as soon as next week. It may take as long as the middle of February for the announcement of the plan as officials try and sort out the details. But hopefully by the next week, you will hear details of the financial services rescue plan.

Transparency must be in place to show how the banks use the government funds.
One of the benefits of the plan would be that the banks would be able to lower mortgage costs to borrowers and homeowners that would spur the flow of credit. Both Businesses and households would benefit from this.

At this point in time, the $700 billion of TARP (Troubled Asset Relief Program) has already been used up. It looks as if allot more may be needed.
Since the markets are fairly unstable, delaying the announcement of the plan would be badly received by the markets.