This news is a bit old, but I thought it was interesting enough to warrant a late post. On June 10, Treasury released its May TARP (Troubled Asset Relief Program) report, providing an update for the bailout program. The big, "milestone" news from the report is that TARP repayments have now exceeded the remaining balance. According to the report, through May, TARP recipients paid back $194 billion, which is more than half of the total funds TARP has paid out ($384 billion, which includes everything, from the bank warrants to the AIG payments to the auto bailouts). In other words, TARP recipients have paid back $194 billion, meaning that the returned funds now outweigh the remaining balance.