The Bottom Line: Administration Claims Extra TARP Cash Is Deficit Reduction
CRFB.org - The ... - November 12, 2009 - 4:27pm
This morning, a Wall Street Journal article reported that the White House intends to use some of the remaining TARP cash for deficit reduction, while also keeping some funds available for emergencies.
The article reported that the Administration is also expected to lower the ten-year cost of the program from $341 billion, as reported in OMB’s Mid-Session Review, to $200 billion. This reduction is a result of two factors: lower expected spending and more optimistic assumptions regarding payback rates...
