On yesterday's edition of Face the Nation, host Bob
Schieffer questioned Treasury Secretary Tim Geithner about the TARP program,
and cited CRFB's tally from its "Stimulus Watch" project, saying there were just $32
billion dollars remaining from the original $700 billion in TARP funds:
SCHIEFFER: Do you know, Mr. Secretary, how much money has
been funneled to these banks? Because some -- you know, there are different
estimates. We start out with $700 billion in this TARP fund. Half of it went out. Some people now say -- I think your
people say you have around $110 billion left to be used now. But the Center for
a Responsible Budget says it's actually only $32 billion.
Click here
to see the individual items from TARP whose "maximum amount" (the total
funds committed) equal $668 billion, leaving $32 billion in uncommitted
TARP funds.
Click here to view a video of the exchange.
The Committee for a Responsible
Federal Budget is a bipartisan organization committed to educating
policy makers and the public about issues related to fiscal policy. The
Committee is located at the New America Foundation. Please visit www.crfb.org.