Posted by
Defend America on Monday, December 07, 2009 3:22:36 PM
Estimated TARP Cost Is Cut by $200 Billion
WASHINGTON
-- The Obama administration, buoyed by a resurgent Wall Street, plans
to cut the projected long-term cost of the Troubled Asset Relief
Program by more than $200 billion, in a move that could smooth the way
for the introduction of a new jobs program.
The White House and leaders in Congress are debating whether to use
any of the remaining TARP funds for other domestic efforts, such as a
jobs bill. Congress authorized $700 billion for the program during the
height of the financial crisis.
http://online.wsj.com/article/SB126015764384079549.html