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Geithner Extends $700 Billion Bank-Bailout Program
7 hours ago ago from Savvy Investor
By Robert Schmidt and Rebecca Christie (Bloomberg) Treasury Secretary Timothy Geithner told Congress that the Obama administration is extending the $700 billion financial-rescue program until October, saying the U.S. must hold on to the money in case of new financial shocks. In a letter today to congressional leaders, Geithner said the administration doesn’t expect to deploy more than $550 billion of the funds. The Treasury may expand ...
Related contentGeithner Said to Be Seeking TARP Extension Until Next October
23 hours ago ago from America 20XY
Bloomberg 12/8/09 Treasury Secretary Timothy Geithner plans to tell Congress that the Obama administration will extend the $700 billion financial-rescue program until next October, people familiar with the matter said. While the Troubled Asset Relief Program expires on Dec. 31, Geithner can extend it by notifying Congress. A letter notifying Congress of the extension could come as soon as tomorrow, said the people, who declined ...
Related contentChairman Obama and Geithner extend TARP’s life
3 hours ago ago from The Conservative Beacon
Here's the story. U.S Treasury Secretary Timothy Geithner said the Obama administration would extend the $700 billion financial-sector bailout by 10 months but would limit the funds to just a few areas, such as housing and small business. In letters to lawmakers, Mr. Geithner said he would extend the Troubled Asset Relief Program through October 3, 2010. While we are extending the $700 billion program, we do not expect to deploy ...
Related contentGeithner extends TARP to 2010
6 hours ago ago from Dealscape
The Obama administration is extending the $700 billion financial-rescue program until October 2010, Treasury Secretary Timothy Geithner said Wednesday. The Troubled Asset Relief Program had been set...
Related contentTreasury’s Geithner extends TARP program
8 hours ago ago from CEOself
U.S. Treasury Secretary Tim Geithner notified Congress Wednesday that he is extending the Troubled Asset Relief Program that has helped banks cope with the financial crisis through Oct. 3, 2010.
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Monroe leads No. 15 Georgetown over Butler
21 hours ago ago from NBC
More features On msnbc.com Monroe leads No. 15 Georgetown over Butler Hoyas remain undefeated with 72-65 victory over No. 22 Bulldogs Julie Jacobson / AP Georgetown's Greg Monroe ...
Related contentBBC News - US bank bail-out scheme extended
1 hour, 7 minutes ago ago from BBC
Mr Geithner extended the bail-out package to 3 October 2010 US Treasury Secretary Timothy Geithner has announced that the $700bn ( 425bn) US financial bail-out fund will be extended until October next year. The extension was necessary to assist American families and stabilise financial markets , he said in a letter to congressional leaders. But he pledged to deploy no more than $550bn of it. The bail-out scheme was ...
Related contentGeithner: TARP will run until October 2010
9 hours ago ago from DailyFinance
Treasury Secretary Timothy Geithner announced Wednesday that the administration will extend the government's financial bailout program until next fall. In a letter to House and Senate leaders, Geithner said the extension is "necessary to assist American families and stabilize financial markets." Money from the $700 billion taxpayer-funded bailout program has helped rescue big Wall Street firms, auto companies and others. That's angered many ...
Related contentGeithner: bailout program extended to October
8 hours ago ago from FanHouse
WASHINGTON -Treasury Secretary Timothy Geithner announced Wednesday that the administration will extend the government's financial bailout program until next fall. In a letter to House and Senate leaders, Geithner said the extension is "necessary to assist American families and stabilize financial markets." Money from the $700 billion taxpayer-funded bailout program has helped rescue big Wall Street firms, auto companies and others. That's ...
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