Congress

Treasury Lists TARP Expenditures; Questions Remain 

The U.S. Treasury Department on Tuesday released a Congressional report detailing the expenditures so far through the Troubled Asset Relief Program. What the report left out was information regarding the funds promised but not yet paid. For instance, when detailing the automakers’ bailout, the report is careful to list the all of the various funds given (and promised) to General Motors Corp. [stock GM][/stock] and GMAC LLC, but fails to mention the $4 billion also promised to Chrysler LLC.