• POLITICS
  • FEBRUARY 3, 2009, 12:34 A.M. ET

Treasury to Outline Bank Plan Next Week

more in Politics & Policy »

BY DEBORAH SOLOMON

WASHINGTON -- Treasury Secretary Timothy Geithner will give a speech next week in which he will outline the Obama administration's financial-rescue plans, according to a Treasury official.

The plan will include an effort to help homeowners in danger of foreclosure, as well as additional steps to shore up the financial sector.

Wall Street has been anticipating the new administration's plans, including expecting President Barack Obama to ask Congress for more money. Many economists no longer expect the second half of the $700 billion, which Congress recently approved, to be enough to fix the ailing financial sector.

The administration hasn't finalized ...

Related Stories

Related Videos

Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit

www.djreprints.com

Most Popular