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Geithner Faces Senate Grilling on Taxes, Financial Rescue Plans

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Great way to start off,


Jan. 21 (Bloomberg) -- Timothy Geithner faces a grilling in Congress over why, after underpaying his taxes, lawmakers should trust him with a $700 billion rescue fund as Treasury secretary in the worst economy since the Great Depression.

The Senate Finance Committee today is likely to demand answers on issues ranging from Geithner’s tax troubles to his solutions for broken U.S. financial markets. While few lawmakers question Geithner’s ability, the missteps with the Internal Revenue Service give him an extra hurdle to clear before an expected Senate vote this week to confirm his nomination.



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