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TARP cost will be $21 billion, CBO estimates

Daily newsbrief journal for May 2013, also see http://www.usdemocrats.com/weblog for a global compendium library and follow twitter @usdemocrats


TARP cost will be $21 billion, CBO estimates

Postby admin » Sat May 25, 2013 4:50 pm

TARP cost will be $21 billion, CBO estimates, a drop of $3 billion from its last estimate
WASHINGTON (MarketWatch) -- The Congressional Budget Office estimated Thursday the total cost of the Troubled Asset Relief Program, including mortgage grants that haven't yet been made, will be $21 billion -- a drop of $3 billion from its last estimate. The CBO says $428 billion of the initially authorized $700 billion will be disbursed through the TARP, including $419 billion that has already been disbursed and $9 billion in additional projected disbursements. The estimated cost of the TARP stems largely from assistance to American International Group , aid to the automotive industry, and grant programs aimed at avoiding home mortgage foreclosures.
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