UPDATE: From CNBC: Bush to Seek Rest of TARP Money At Obama's Request
President-elect Barack Obama asked President Bush to request the remaining $350 billlion of the Wall Street bailout fund, and the White House said Bush would do so.
"President Bush agreed to the president-elect's request," White House spokeswoman Dana Perino said in a statement.
...
The request would permit Obama's administration to have the ability to use the money shortly after taking office.