Geithner says U.S. to start unwinding TARP

10/21/2009 | Reuters

Treasury Secretary Timothy Geithner said the Obama administration would continue to support the economy and spur its recovery but that officials were ready to start winding down some stimulus programs. "We are now at the point where we can begin to wind down the programs that really defined [the Troubled Asset Relief Program] in its initial stages," Mr. Geithner said. The White House will instead focus on "more-targeted programs directed at what are the principal areas where there's still weakness in access to credit."

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