21
July
http://news.bbc.co.uk
21 July 2009 BBC
The total exposure of the US government to the financial crisis could hit $23.7 trillion (£14.3tn), according to a watchdog report.
Neil Barofsky, overseeing the Troubled Asset Relief Program (Tarp), made the estimate in prepared remarks to a House of Representatives committee.
The worst-case estimate represents the maximum exposure if all parties offered support requested maximum assistance.
The figure includes all government and Federal Reserve initiatives.
