BUSINESS
05/18/2010 05:12 am ET | Updated May 25, 2011

TARP Bailout Cost Now At $109 Billion, Says CBO

NEW YORK (CNNMoney.com) -- The government's unprecedented $700 billion economic bailout will actually cost taxpayers just 16% of that total, according to a Congressional Budget Office report released Wednesday.

The Treasury's losses on the Troubled Asset Relief Program (TARP) will total $109 billion over the program's lifetime, CBO latest estimates show. That's up $10 billion from the agency's last projection, released in January.

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