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Citizens Against Government Waste

CAGW Releases December WasteWatcher

Barely sixty days after its establishment, the Troubled Asset Relief Program (TARP) is itself, well, in big trouble. Since the Treasury Department has already committed $290 billion of its initial $350 billion authorization, the TARP program is bumping up against its first hard ceiling. The remainder of the total of $700 billion Congress authorized will only be made available after explicit congressional approval and outgoing Treasury Secretary Henry Paulsen has been noncommittal in public about whether he intends to seek access to the rest of the money. 580,000 Square-Foot Money PitBy Sam Leverenz...

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