Word: unspent
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...Though the President did not offer a cost - estimates on Capitol Hill have put the total bill at anywhere between $75 billion and $200 billion - he did justify the new spending by citing nearly $200 billion in unspent or returned funds from the Troubled Asset Relief Program, or TARP. "This gives us a chance to pay down the deficit faster than we thought possible and to shift funds that would have gone to help the banks on Wall Street to help create jobs on Main Street," he said...
...briefing call with reporters before the speech, a senior Administration official said that even though the unspent and returned TARP funds could not be used directly to fund the new stimulus efforts, they still created an environment in which there was "more fiscal room" for further spending. "There's other offsets over a 10-year period that one could consider as well," the official said, without providing any specifics...
...spur the country's GDP, the Gongs are actually tightening up their wallets for a rainy day. The Chinese have been hardy savers even in the best of times, scoring the highest saving rate among all major countries. Now, more than ever, their money is sitting in banks, unspent. "Call it old-school if you will, but I think putting cash in a bank really is the safest form to keep money right now," says Gong. "And a lot of my colleagues would agree too." (See pictures of the global financial crisis...
...last few holiday seasons consumers would buy for themselves too as they shopped, but there will be a pullback on this," says Janiak from Deloitte. The good news: those who received a federal government stimulus check over the summer said that, on average, 20% of that money remains unspent, meaning it's available for holiday shopping...
...laughing. Frustration over the sluggish pace of Iraq's oil production is rising in the country and abroad as global prices soar. (At the same time, current oil revenues account for 90% of the government's substantial budget surplus of roughly $50 billion, unspent because of an inefficient infrastructure and bureaucracy.) Much of Iraq starves for electricity and fuel as vast amounts of oil and gas sit untapped in the ground. Iraq's oil industry needs a virtual overhaul to reach a level of production that could erase chronic fuel shortages in the country and rake in windfall profits...