The federal government will extend the $700 billion Troubled Asset Relief Program until Oct. 3, 2010, Treasury Secretary Timothy Geithner announced today. He says the program will focus on curbing home foreclosures, providing capital to small banks, and boosting lending to consumers and small businesses. No additional costs to taxpayers are expected. Congress approved the program in October 2009; Geithner can extend the program without lawmakers’ approval.
Geithner plans bailout extension
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