As banks start paying back TARP funds, taxpayers are getting about 12.4% return on their investment. Now lawmakers are trying to decide whether to spend that money to help the housing market or to pay down the national debt.
Steve Henn reports.
National debt: The five-minute primer
A small, bipartisan group of lawmakers will be hunkering down this fall, negotiating ways to reduce deficits by at least $1.2 trillion over the next decade.
National debt: 'Time for gridlock is over'
As lawmakers continued to butt heads over how much spending should be cut over the next seven months, a few senators on Tuesday were trying to keep the focus where they think it belongs --...
Bipartisan vow: We'll fix AMT
More than 20 million taxpayers are at risk of having to pay the so-called wealth tax when they file their 2010 taxes next year, if lawmakers fail to act. But that's not likely to happen.
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