Geithner delays banking bailout announcement

[cal04]

http://www.msnbc.msn.com/id/29085097/

A Treasury Department official says Treasury Secretary Timothy Geithner will unveil the Obama administration's new framework to aid the financial sector on Tuesday.

Geithner had been scheduled to announce the plan Monday.

Treasury spokesman Isaac Baker said Sunday that the administration wants to spend Monday focused on the Senate's effort to pass an economic recovery package.

The Senate is expected to pass the $827 billion stimulus bill on Tuesday. The administration still faces difficulties reconciling the Senate bill and the House version that passed earlier.

[Tandalayo_Scheisskopf]

1. Perhaps Harry Reid needs more time...

To hand out more concessions to the repukes? Just a thought.

[Donnachaidh]

2. perhaps Geithner is trying to find bank CEO's that haven't already booked

vacation resorts they plan on visiting -after- they get the next check?

[napi21]

3. I thinl Geithner is going to be talking about A LOT MORE MONEY and the WH

wants to make sure the stim bill is signed & sealed BEFORE Congress hears about them looking for even MORE money!

[stillcool]

4. I think you're right...