U.S. Treasury: 81% of TARP Funds Already Committed

The U.S. Treasury Department estimates that it has about $134.5 billion left in its financial-rescue fund, which would mean that about 81% of the $700 billion program has been committed.

The estimate, provided to Dow Jones Newswires Saturday evening, represents the first official projection from the Treasury since the Obama administration announced a slew of new, multibillion-dollar programs to help stem foreclosures, unlock tight credit markets, revive consumer and business lending and boost domestic auto makers. [via WSJ]

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