GOVERNMENT BAILOUT WILL COST LESS THAN EXPECTED
The Treasury Department says the $700 billion financial bailout -- also known as TARP -- will cost taxpayers only $50 billion. The report comes two years and two days after Congress approved the bailout fund that provided billions to hundreds of banks. Critics say that while the program stabilized the financial sector, it did not do enough to prevent foreclosures and keep homeowners in their homes.
