TARP's cost has fallen to $25 billion, the CBO says

11/30/2010 | Washington Post (tiered subscription model), The

The Congressional Budget Office has released a report showing that the cost of the Troubled Asset Relief Program has declined to $25 billion. "Clearly, it was not apparent when the TARP was created two years ago that the cost would turn out to be this low. ... [B]ecause the financial system stabilized and then improved, the amount of funds used by the TARP was well below the $700 billion initially authorized, and the outcomes of most transactions made through TARP were favorable for the federal government," according to the CBO report.

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