Skip to content

Geithner Mum On Need For More Bailout Money

 

WASHINGTON – U.S. Treasury Secretary Timothy Geithner said on Sunday the government will have about $135 billion left after banks give back some bailout money. He however declined to say whether he will ask Congress for more. The Treasury expects the banks to return about $25 billion of money that they received from the government later this, because they were able to replace it with private capital or simply decided that they do not want money with strings attached.

This news-feed.com update courtesy of Reuters, a leading globally-recognized news network.

Bookmark and Share

Post a Comment

Your email is never published nor shared. Required fields are marked *
*
*