How Much Money is Left in TARP?

" Out at 700 billion dollars but how much is left. And TARP money senior Washington correspondent Peter Barnes tried to find out."

" Well -- reports are getting us closer to determining exactly how much is left in the TARP. It is a critical question because the government may not have enough money left in the -- to finish the job of stabilizing the financial system. And also help the auto companies life insurance companies and any other industry that comes knocking on Treasury's door. Treasury Secretary Timothy Geithner says there has roughly a 135. Billion dollars in remaining -- resources. But the -- reports say there's just over a hundred million in uncommitted TARP funds. But more than 350. Billion left in unspent -- cash. Let's start with the numbers from a report from the financial services roundtable. Congress authorized 700 billion dollars for -- according to the roundtable treasury is allocated 667. And a half billion. Too it's announced TARP program's. And his commitment to spending. About 590. Billion under those programs and has actually disbursed cut checks for about. 329. Million. Flipping the numbers around to see what's left congress has not authorized -- new funding for -- so there's 32 and a half -- left for treasury to allocate to new or existing programs. There's a 109 and a half million left uncommitted. And there are still 371. Point three billion left. On dispersed. Agrees with the roundtable that a 109 and a half billion in TARP funds remain uncommitted. But the treasury said it expects banks that receive our investments. Will pay back 25 billion eventually. That get you to a 135. Billion or so and remaining -- resources as stated by secretary Geithner. But as we just reported. Most of that is supposed to go to existing programs and give that the administration. Has put a 750. Billion dollar place holder in its budget for an additional TARP funding request at some point. Even the 135. Billion may not be enough to finish the job. Back to you in New York right may not be done yet all right Peter -- there in Washington."