Senate Approves Geithner Despite Tax Issues

Despite accusations by Republicans that he was not entirely forthcoming about back taxes, and opposition even from some Democrats, Timothy Geithner was confirmed today as treasury secretary by a 60 to 34 vote in the U.S. Senate, and immediately began overseeing the second half of the $700 billion Wall Street bailout. The confirmation comes none too soon. The second tranche of TARP money at Geithner's disposal becomes available Tuesday. Of the $700 billion, $288 billion has been spent and $380...Full Story
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