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  • ben.franklin36 ben.franklin36 Apr 4, 2009 8:49 PM Flag

    Estimated U.S. taxpayer cost for bailout jumps

    "WASHINGTON (Reuters) - U.S. congressional budget analysts have raised their estimate of the net cost to taxpayers for the government's financial rescue program to $356 billion, an increase of $167 billion from earlier estimates.

    The Congressional Budget Office had originally projected the $700 billion Troubled Asset Relief Program would cost taxpayers $189 billion.

    The additional cost, which applies to TARP spending for fiscal years 2009 and 2010, was included in the CBO's March projection of a $1.8 trillion deficit for fiscal 2009, which ends September 30."

    http://www.reuters.com/article/ousiv/idUSTRE53323420090404

 
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