The U.S. Treasury Department said Wednesday that it will post a $12.3 billion profit on its much-maligned bailout of Citigroup. The Troubled Asset Relief Program, or TARP, is expected to close Monday on the sale of the Citigroup warrants, the promised…

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U.S. to Reap $12.3B Profit on Citi Bailout

The controversial federal bailouts passed under President George W. Bush two years ago will cost taxpayers $29 billion, far less than earlier estimates of about $350 billion. The Treasury Department is declaring the Troubled Asset Relief Program a…

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Bailouts Cost Just $29 Billion

The US Treasury Department official in charge of overseeing the government’s Troubled Asset Relief Program is stepping down.

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US bail-out official steps down