Bailout plan could cost $1 trillion
This just in: Hank Paulson’s toxic waste dump could cost U.S. taxpayers as much as $1 trillion, Politico reports. Keep in mind, however, that if all goes well, U.S. taxpayers could actually make money on this deal, though it’s probably highly unlikely. UPDATE: Here’s Paulson’s statement from today’s press conference.
This just in: Hank Paulson's toxic waste dump could cost U.S. taxpayers as much as $1 trillion, Politico reports.
Keep in mind, however, that if all goes well, U.S. taxpayers could actually make money on this deal, though it's probably highly unlikely.
UPDATE: Here's Paulson's statement from today's press conference.
This just in: Hank Paulson’s toxic waste dump could cost U.S. taxpayers as much as $1 trillion, Politico reports.
Keep in mind, however, that if all goes well, U.S. taxpayers could actually make money on this deal, though it’s probably highly unlikely.
UPDATE: Here’s Paulson’s statement from today’s press conference.
More from Foreign Policy
Why Do People Hate Realism So Much?
The school of thought doesn’t explain everything—but its proponents foresaw the potential for conflict over Ukraine long before it erupted.
China’s Crisis of Confidence
What if, instead of being a competitor, China can no longer afford to compete at all?
Why This Global Economic Crisis Is Different
This is the first time since World War II that there may be no cooperative way out.
China Is Hardening Itself for Economic War
Beijing is trying to close economic vulnerabilities out of fear of U.S. containment.
Sign up for Morning Brief
Foreign Policy’s flagship daily newsletter with what’s coming up around the world today from Foreign Policy’s newsletter writer Colm Quinn.
By signing up, I agree to the Privacy Policy and Terms of Use and to occasionally receive special offers from Foreign Policy.