Tracking Treasury's spending of bailout funds
By the numbers Financial industry bailout
With the decision to commit $17.4 billion to the auto industry, the government "effectively has allocated the first $350 billion" tranch of a $700 billion financial bailout package, Treasury Secretary Henry Paulson said Friday. As of Dec. 16, $167.8 billion had been invested in banks, as detailed below. Another $40 billion went to bail out insurance giant AIG. The rest is committed to banks, including an additional $20 billion pledged to Citicorp.