U.S. Treasury says costs of financial-rescue effort down

Newswire

WASHINGTON, Feb 11 (Reuters) - The Treasury Department on Monday said the overall cost of its 2008 financial-rescue effort was reduced to $55.48 billion from $59.68 billion, as it has recouped a majority of the costs of programs that unlocked tight credit markets. The latest tally means that about 93 percent of the $418 billion in funds already disbursed to date from the $700 billion Troubled Asset Relief Program, or TARP, have been recovered. TARP helped ...

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