TPMDC Morning Roundup | Talking Points Memo

Administration To Slash Bailout Cost Estimate The Obama administration is set to cut the estimated cost of the TARP bailout program, to at least $200 billion less than the $341 billion estimate in August, and is looking at using some of the savings for new job creation efforts. The lowered cost has come from fast repayments by big banks, and less spending on some rescue programs than was originally thought.

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