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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: taxpayer money

taxpayer money stories: 10 news summaries

 US Reaps Profit as 
 Banks Pay Back 
 TARP Funds 

Fed pulls in $14B from loan programs

Aug 31, 09 7:38 AM CDT
(Newser) - When the government spent some $240 billion last year to help avert financial disaster, the idea of making a profit from the TARP funds invested in teetering banks looked like a long shot. Now, however, profits from eight banks who’ve paid back the cash have totaled some $4 billion,... More »

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Goldman Sachs • Federal Reserve • profits • Morgan Stanley • loans • American Express • investment • Treasury Department • taxpayer money • Northern Trust • TARP

TARP Watchdog: Bailouts May Cost US $24T

Number based on 'hypothetical maximum,' Treasury counters

Jul 20, 09 3:41 PM CDT
(Newser) - The special inspector overseeing Treasury’s TARP program says federal assistance to banks and other financial entities could end up costing taxpayers $23.7 trillion, Bloomberg reports. Aside from the $700 billion bailout, Neil Barofsky says in testimony prepared for told Congress tomorrow, other trillion-dollar federal programs could balloon. “... More »

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Treasury Department • taxpayer money • federal spending • rescue package • Wall Street bailout • Timothy Geithner • TARP • Neil Barofsky

Another UK Lawmaker Suspended
Over Expenses

Public outrage
grows over scandal

May 16, 09 9:17 AM CDT
(Newser) - Britain’s Labour Party has suspended David Chaytor, the latest lawmaker caught up in a widening expense account scandal, the Daily Telegraph reports. Chaytor reportedly claimed $20,000 in interest on a mortgage that was already paid off. Chaytor has said he made an “unforgivable error in my... More »

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British Parliament • Labour Party • Britain • taxpayer money • inappropriate expenses • expenses • David Chaytor

UK Minister Resigns in Expense Flap

1st MP to step down says he acted '1 million percent by the book'

May 15, 09 12:13 PM CDT
(Newser) - Britain’s justice minister resigned today amid a furor over a sketchy rental agreement, the first MP to do so following the revelation of excessive expenses charged by members of parliament to taxpayers, the Telegraph reports. Prime Minister Gordon Brown launched an investigation into whether Shahid Malik breached conduct codes... More »

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British Parliament • Gordon Brown • Britain • taxpayer money • inappropriate expenses • expenses • Shahid Malik

Obamas Will
Pick Up Tab for
White House Renovations 

First family turns down $100K in public cash

Mar 30, 09 7:44 AM CDT
(Newser) - Barack and Michelle Obama won’t be using the $100,000 in taxpayer cash the first family is allotted for White House renovations, New York magazine reports. Instead, they’ll fund their fix-up out of their own pockets. Which may be a good political investment, since they’ve hired Michael... More »

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Barack Obama • Michelle Obama • White House • Oval Office • taxpayer money • first lady • renovation • President Obama

 Our Family Can Raise 
 Octuplets: Gramps 

Nadya won't take taxpayer money

Mar 9, 09 12:21 PM CDT
(Newser) - The grandfather of the California octuplets says he'll fight for his daughter Nadya Suleman’s right to raise her kids, ABC News reports. "I will stop anybody from taking my grandchildren away," Ed Doud said in an interview with Good Morning America, responding to reports that the hospital... More »

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California • donation • taxpayer money • fertility treatment • welfare • multiple births • octuplets • Nadya Suleman • Ed Doud

OPINION

Cramer Changes Course:
Have Faith in Geithner

It's cheaper than nationalization, and gets banks moving again

Feb 13, 09 9:46 AM CST
(Newser) - Geithner’s got it, James Cramer writes in New York—much to his own surprise. Cramer notes that he's railed against the Treasury chief for months, but he's now come around just as others have abandoned him. “The press, the pols, the Wall Streeters—they are all dumping their... More »

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nationalization • Jim Cramer • mortgage backed securities • taxpayer money • financial crisis • recapitalization • Timothy Geithner

Opinion

Your Tax Dollars Put Their Names in Concrete

Lawmakers refuse to face widespread 'edifice complex'

Jul 19, 08 6:33 PM CDT
(Newser) - Not long ago, a lawmaker had to be dead to put his or her name on something, but these days every two-bit representative in Congress has a building, bridge, or monument, complains John Fund in the Wall Street Journal. These “honors” are almost always paid for with... More »

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Congress • taxpayer money • pork barrel spending

 Bill's Bills Cost US
a Record $8M 

Clinton costs twice as much as Carter

Apr 11, 08 4:37 AM CDT
(Newser) - Bill Clinton is costing taxpayers significantly more in publicly funded perks than the two other surviving former presidents, reports Politico. From 2001 through the end of this year, $8 million will be spent on Bill Clinton, compared with $5.5 million for George H. W. Bush and $4 million for... More »

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Jimmy Carter • Secret Service • Bill Clinton • Ronald Reagan • George HW Bush • Government Accountability Office • taxpayer money • Harry Truman • taxpayers • former presidents • retirement benefits • National Taxpayers Union • Congressional Research Service • Former Presidents Act

Uncle Sam Buys $5 Meatballs

Audit criticizes DOJ for wasting taxpayer money on pricey lunches

Sep 15, 07 8:49 AM CDT
(Newser) - The Justice Department shells out $5 per meatball and nearly as much for a can of soda when it invites folks for lunch, an audit says. And don't forget the cookies: Justice ran up a $13,000 tab on those at 10 recent conferences. The audit says no laws were... More »

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food • Department of Justice • Senate • Government waste • taxpayer money

10 Stories


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