TARP earnings
Source: Agencies |
December 11, 2010, Saturday
|
Print Edition
Print Edition
THE United States government's heavily criticized US$700 billion financial rescue program has earned nearly US$35 billion in income over the past two years, according to data obtained by The Associated Press.
The data showed that income from the Troubled Asset Relief Program (TARP) rose nearly 17 percent through November, from where it stood in October. The income was boosted by the government's ongoing sales of Citigroup stock.
Republicans used voter unhappiness with the bailout and soaring federal budget deficits to pick up six Senate seats in the November elections and take control of the House of Representatives.
The new total is up from the nearly US$30 billion in income shown in the previous report covering the program's finances through October.
The data showed that income from the Troubled Asset Relief Program (TARP) rose nearly 17 percent through November, from where it stood in October. The income was boosted by the government's ongoing sales of Citigroup stock.
Republicans used voter unhappiness with the bailout and soaring federal budget deficits to pick up six Senate seats in the November elections and take control of the House of Representatives.
The new total is up from the nearly US$30 billion in income shown in the previous report covering the program's finances through October.
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