{"id":13272,"date":"2009-12-07T09:07:02","date_gmt":"2009-12-07T13:07:02","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13272"},"modified":"2009-12-07T09:07:02","modified_gmt":"2009-12-07T13:07:02","slug":"u-s-bank-bailout-estimate-cut-by-200-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2009\/u-s-bank-bailout-estimate-cut-by-200-billion.html","title":{"rendered":"U.S. bank bailout estimate cut by $200 billion"},"content":{"rendered":"<p>Reuters &#8211; The projected long-term cost of the U.S. government&#8217;s bailout of the nation&#8217;s big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.<\/p>\n<p>The Obama administration had estimated the cost to taxpayers of the $700-billion Troubled Asset relief Program, or TARP, would be $341 billion but now says it can cut that by $200 billion.<\/p>\n<p>&#8220;That improvement is driven by the fact that Treasury&#8217;s investments to stabilize the system are delivering higher returns than anticipated and that Treasury does not anticipate having to draw upon the full $700 billion in TARP authority,&#8221; the Treasury official said.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.reuters.com\/article\/idUSTRE5B60KF20091207\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; The projected long-term cost of the U.S. government&#8217;s bailout of the nation&#8217;s big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night. The Obama administration had [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13272","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13272"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13272\/revisions"}],"predecessor-version":[{"id":13273,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13272\/revisions\/13273"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}