U.S. Treasury lowers cost estimates for TARP

Newswire

WASHINGTON, May 21 (Reuters) - The U.S. Treasury Department said on Friday it was lowering its cost estimates for the government's Wall Street bailout program by $11.4 billion. In a statement, the Treasury said it now expects the cost of the Troubled Asset Relief Program, or TARP, to total about $105.4 billion. The Treasury said $190 billion of TARP funds have been repaid and the value of its investments have improved. Specifically the department cited a higher value for its 7.7 billion ...

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