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TARP Repayments Surpass Loans
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| Contributor | RP |
| Last Edited | RP Jun 11, 2010 11:08am |
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| Category | Report |
| Author | DARRELL A. HUGHES |
| Media | Newspaper - Wall Street Journal |
| News Date | Friday, June 11, 2010 03:20:00 PM UTC0:0 |
| Description | The Treasury Department on Friday said the money repaid to taxpayers for government funds used to bail out U.S. companies has for the first time surpassed the amount of loans.
The Treasury, in its May report to Congress on the Troubled Asset Relief Program, said TARP repayments reached $194 billion, $4 billion more than the outstanding debt of $190 billion. |
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