Geithner: States can't use TARP to solve budget woes:

05/22/2009 | Bloomberg

Cities and states trying to balance their budgets can't rely on the $700 billion Troubled Asset Relief Program, Treasury Secretary Timothy Geithner said. The law "does not appear to us to provide a viable way of responding to that challenge," Geithner testified to a House Appropriations subcommittee Thursday.

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