Tags: bailout | fund

Geithner: $109.6 Billion Left in Bailout Fund

Tuesday, 21 Apr 2009 09:11 AM

The Treasury Department says there are $109.6 billion in resources left in the government's $700 billion financial rescue fund.

But officials expect the fund will be boosted over the next year by about $25 billion as some institutions pay back money they have received. That would boost the fund to $134.6 billion.

The accounting details were made by Treasury Secretary Timothy Geithner in a letter to Elizabeth Warren, the head of the Congressional Oversight Panel.

© 2015 Newsmax. All rights reserved.

1Like our page
2Share
FinanceNews
The Treasury Department says there are $109.6 billion in resources left in the government's $700 billion financial rescue fund. But officials expect the fund will be boosted over the next year by about $25 billion as some institutions pay back money they have received. That...
bailout,fund
75
2009-11-21
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved