Auto Industry Bailout, Bank Bailout | featured news

(Image from article: "TARP bailout to cost taxpayers $25 billion: CBO")

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No Pay Raises for AIG, Ally, GM Chiefs

Chief executives of AIG, GM and Ally Financial, three companies bailed out by U.S. taxpayers and which remain partly owned by the U.S. Treasury, won't receive overall pay increases this year.

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TARP bailout to cost taxpayers $25 billion: CBO

The U.S. Troubled Asset Relief Program, which risked $700 billion of government funds to bail out troubled banks and automakers, will cost taxpayers a mere $25 billion, according to an estimate released on Monday by the nonpartisan Congressional Budget Office.

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