The Corner

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From the Better-Than-Nothing Dept.


Obama administration seeks to trim $30 billion from the deficit by canceling ineffective projects.

AIG pays back $4 billion of bailout debt.

Regarding the last link, it’s worth noting that AIG paid back its debt with more debt. The company is still not in the clear; as long as the government is backstopping it, stories such as this one are more about AIG’s accounting than the its ability to stand on its own. But, as Morningstar analyst Bill Bergman tells the Post, “It’s better than not paying it back.”


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