TARP cost will be $21 billion, CBO estimates
Posted: Sat May 25, 2013 4:50 pmTARP 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.
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.