# strategy for dealing with a financial emergency

Troubled Asset Relief Program (TARP) » Treasury established several programs under TARP to help stabilize the U.S. financial system, restart economic growth, and prevent avoidable foreclosures.Although Congress initially authorized $700 billion for TARP in October 2008, that authority was reduced to $475 billion by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Of that, the following amounts were committed through TARP's five program areas:Approximately $250 billion was committed in programs to stabilize banking institutions ($5 billion of which was ultimately cancelled).Approximately $27 billion was committed through programs to restart credit markets.Approximately $82 billion was committed to stabilize the U.S. auto industry ($2 billion of which was ultimately cancelled).Approximately $70 billion was committed to stabilize American International Group (AIG) ($2 billion of which was ultimately cancelled).Approximately $46 billion was committed for programs to help struggling families avoid foreclosure, with these Home.treasury.gov

Co-op and Experiential Learning » CPS Co-Ops offer learners the opportunity to apply classroom skills within professional settings to solve real-world business problems. Cps.northeastern.edu

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