Loan 2
Date:
December 31, 2008
Maximum Amount:
$13.40 billion
Amount Spent:
$13.40 billion
Deficit Impact:
$8.04 billion
Source:
Notes:
Amount spent indicates loans and other funds issued as of 7/9/2010 (http://www.ustreas.gov/initiatives/eesa/transactions.shtml). Maximum amount is original loan amount. Deficit impact calculated by CRFB, using CBO's practice of estimating costs on a risk-adjusted present value basis. Deficit impact is derived from CBO's overall subsidy rate for assistance to the automobile industry (60%), as listed in CBO's January 2010 baseline.