A new government report is projecting $200 billion less in losses from the bailout of banks and other financial institutions. The administration had previously projected that losses from the Troubled Asset Relief Program (TARP) would cost the country about $341 billion. Some banks have recovered enough to repay some, if not all, of their loans from TARP. According to the report, some of the money could be used to help create new jobs.
See "Improved TARP forecast could mean $200 billion to help create jobs", JIm Puzzanghera, Los Angeles Times, December 6, 2009