Geithner says chunk of TARP funds won't be needed

Newswire

WASHINGTON, Dec 2 (Reuters) - U.S. Treasury Secretary Timothy Geithner on Wednesday said a "very, very substantial" portion of the Obama administration's financial rescue fund will not be needed, but warned it was premature to shutter the program entirely.

"We are actually close to the point where I think we can wind down this program and stop making new commitments and put it out of existence," Geithner told the Senate Agriculture Committee. "We are at the point now that we are ...

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