US Bailout Cost Seen Lower at $89 Billion: Report
(CNBC.com) — The U.S. government’s bailout of the financial system is expected to cost $89 billion, much lower than earlier projections, the Wall Street Journal reported on Sunday, citing Treasury Department officials.
The Journal also said that Treasury officials were looking into ways to disentangle the government from its nearly 80 percent stake in American International Group [AIG 38.14 — UNCH ] .
The officials are hopeful that the bailed-out insurer could be on its own within a year, the paper said.
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