Friday, September 25, 2009

Battle Brews Over Unused TARP Cash

http://online.wsj.com/article/SB125383359689939119.html?mod=WSJ_hpp_MIDDLTopStories#articleTabs%3Dcomments


The U.S. Treasury Department is discussing ways to keep in reserve some emergency bailout funds even if the Troubled Asset Relief Program isn't extended beyond the end of the year.


The Treasury is considering whether to extend the bailout in order to keep control of a remaining $200 billion. But that decision is complicated by lawmakers who are worried about the increasing national debt, WSJ's Deborah Solomon reports.
.Treasury Secretary Timothy Geithner may opt to extend the program, which expires on Dec. 31. But even if the program isn't extended, officials want to keep at least some of the money that has yet to be committed to any particular program on hand in case financial conditions worsen and the government is forced to step in.