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TARP Cost Will Be $21 Billion, CBO Estimates

The Congressional Budget Office estimated Thursday the total cost of the Troubled Asset Relief Program, including mortgage grants that haven't yet been made, will be $21 billion -- a drop of $3 billion from its last estimate. The CBO says $428 billion of the initially authorized $700 billion will be disbursed through the TARP, including $419 billion that has already been disbursed and $9 billion in additional projected disbursements. The estimated cost of the TARP stems largely from assistance to American International Group , aid to the automotive industry, and grant programs aimed at avoiding home mortgage foreclosures.Copyright © 2013 MarketWatch, Inc....

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