Benzinga's Political Round Up

The Irish government will seek a $100 billion bailout, as it looks to shore up public sector spending and its banks, such as Allied Irish AIB. The General Motors GM IPO put the U.S. Treasury recovery of TARP funds past $250 billion. The Federal Reserve lowered its outlook for economic growth in 2011, and it believes unemployment will remain high. The FBI inquiry into insider trading has expanded, as it now includes mutual funds like Janus JNS, and major hedge funds like Cerberus and SAC Capital.