|
News -
Americas
|
|
Written by MATTHEW JAFFE, ABC News
|
|
Friday, 22 May 2009 08:41 |
|
Back on Capitol Hill Thursday for his second hearing in two days, Treasury Secretary Tim Geithner continued to defend his department's plan to take taxpayer money repaid to the government by bailed-out banks and then use it to help struggling community banks.
On Wednesday, Senate Banking Committee Republicans like Jim DeMint, R-S.C., had expressed concerns that Geithner might use the $700 billion Troubled Asset Relief Program "permanently." The ranking Republican on the House Appropriations Subcommittee on Financial Services echoed those worries on Thursday.
Click here to read the full article |
