Tuesday, January 27, 2009

Geithner To Crack Down on Lobbyists

CNN: In his first official move as treasury secretary, Timothy Geithner will unveil on Tuesday new rules to crack down on lobbyists for companies that benefited from federal bailouts, according to two senior administration officials late Monday.

Earlier Monday, Senate lawmakers voted to confirm Geithner as the next treasury secretary amid ongoing uncertainty about the nation's economic future.

Geithner, who will spearhead President Obama's response to the financial crisis that threatens to unravel economic growth around the globe, won approval in a 60-34 vote.