The Treasury Department expects $175 billion in repayments by the end of next year from financial firms that received injections of taxpayer cash at the height of the market meltdown, Treasury Secretary Timothy Geithner said Friday.
According to a transcript of an interview on the Bloomberg Television program "Political Capital with Al Hunt" that was to be broadcast Friday, Geithner said this estimate was more than Treasury officials had forecast just a few months ago.
So far, $71 billion has been repaid to the Treasury. According to Treasury, here was $133.68 billion in Tarp money outstanding at Nov. 30.
