The estimated net costs of expanding healthcare coverage under President Barack Obama’s landmark restructuring have been reduced by $48 billion through 2021, though fewer people would be covered under private insurance plans, a new analysis from the nonpartisan Congressional Budget …
The price of corporate bailouts in 2008 and 2009 looks cheap compared to past crises, U.S. Treasury Secretary Timothy Geithner said Thursday, while urging more drastic action from housing finance giants Fannie Mae and Freddie Mac to help homeowners. For …
Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s bailout, the Treasury Department …
The U.S. financial bailout will cost less than $50 billion, the Obama administration said Thursday, slashing a prior estimate by more than half on the back of a new plan to sell the government’s stake in insurer American International Group. …
It may have staved off a financial system meltdown, but the U.S. Treasury’s $700 billion bailout program is so reviled by the public that its distaste may rub off on incumbent Democrats in November elections. What goes into the history …
The top U.S. bailout cop said evidence of fraud among banks that sought taxpayer funds was on the rise, and some of his investigations involve amounts exceeding $550 million. Neil Barofsky, the special inspector general for the Troubled Asset Relief …
The head of bailed-out insurance giant American International Group on Wednesday said the company was on its way to repaying the government, but a U.S. Treasury official said taxpayers could still face losses. AIG is operating with $132 billion in …
Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S. Treasury official said on Wednesday. Jim Millstein, the Treasury’s chief …
A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank’s actions on insurer AIG’s disclosure of payments to banks after its 2008 rescue, excerpts of prepared congressional testimony showed on Monday. Neil Barofsky, the …
The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released Thursday showed. The email exchanges, between the New …
