Kashkari: US financial system 'more stable'
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By MARTIN CRUTSINGER
Published: January 8, 2009
WASHINGTON (AP) — The Treasury Department says it has disbursed $266.9 billion from the $700 billion financial rescue program.
In its latest update to Congress, the department says it closed $65.4 billion in transactions since its last report on Dec. 2.
Under the law that Congress passed on Oct. 3, Treasury must provide a report summing up its activities once its commitments pass certain milestones.
The new report included $187.5 billion provided to banks in an effort to get them to resume more normal lending, and $19.4 billion in support for the auto industry.
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U.S. Government, Public Finance, Domestic Policy, Political Policy, Politics, U.S. Politics, U.S. Congressional News, Business, Economic Policy, National Economy, U.S. National Economy
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