News
CNN Money | Five years later, TARP price tag hits $40 billion
Little more than five years later, the rescue of Wall Street and Main Street during the financial crisis has cost taxpayers about $40 billion, according to a watchdog agency report released Wednesday.
FOX Business | U.S. Government Says It Lost $11.2 Billion On GM Bailout
The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
CNN Money | This city's residents have the least debt
The average debt load for a person living in Detroit is $23,604. That's the lowest of any major city and is down 7.1% from four years ago, according to Experian, which looked at credit card, auto, personal and student loan debt in the 20 largest U.S. metropolitan areas.
Econ Comments & Analysis
Bloomberg | Treasury Trims Some Debt Auctions as U.S. Deficit Shrinks
The U.S. Treasury Department said it will trim the size of two- and three-year note auctions starting this quarter as a shrinking budget deficit gives the government scope to reduce borrowing.
