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Geithner Says Bail Out Spending to End Soon

US Treasury Secretary Timothy Geithner revealed today that the government intends to close the $700 billion financial bailout program when he told the Senate Agriculture Committee that plans to “wind down this program” are in the works.

“Nothing would make me happier,” he told the Senate Agriculture Committee.

Associated Press

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Posted by Staff at 3:29 pm UTC, 02/10/2012
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Forex Rates
Interest Rates

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February
10
Today’s Global
Market Events
8:30 am

CAD
Trade Balance
0.7B vs. 1.1B
USD
Trade Balance
-48.1B vs. -47.8B
9:55 am

USD
Prelim UoM Consumer Sentiment
74.4 vs. 75.0
USD
Prelim UoM Inflation Expectations
3.3%
12:30 pm

USD
Fed Chairman Bernanke Speaks
12:50 pm

USD
FOMC Member Pianalto Speaks
2:00 pm

USD
Federal Budget Balance
-58.5B vs. -86.0B