TARP Figures from "Stimulus Watch" Cited on CBS' Face the Nation

Published:   April 6, 2009
 

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

 
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