Treasury to Extend TARP to October

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 more than $550 billion," Mr. Geithner wrote.

Read Full Article from Wall Street Journal

- Posted: 2009-12-09 15:05:56

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