WASHINGTON -- House lawmakers failed to craft a bill to fund the thrift cleanup before their August recess, so taxpayers must continue to pay about $3 million a day to cover the cost of operating defunct thrifts.

So far, House members have tried for eight weeks to cobble a bill to bring to the House floor that would give the White House money to finish the savings and loan bailout, which ultimately could cost taxpayers as much as $190 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.