You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Report: $9.7 Trillion Government Tab in Financial Crisis

HeadlineFeb 10, 2009

Bloomberg News estimates the economic stimulus package would raise the government tab in addressing the financial crisis to $9.7 trillion. In addition to the Wall Street bailout and the current stimulus plan, the US government is believed to have lent or spent more than $8 trillion through the Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation. The $9.7 trillion figure would nearly be enough to pay off every mortgage in the nation.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top