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Geithner: some bailout funds to help lower debt

Published: November 19, 2009 1:43 PM
By The Associated Press  MARTIN CRUTSINGER (AP Economics Writer)

Quick ReadGeithner says bailout will end 'as soon as we can,' some funds will be used to reduce debt

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WASHINGTON (AP) — Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the soaring federal debt.

During a sometimes contentious Joint Economic Committee hearing that included one lawmaker calling on him to resign, Geithner was pressed to disclose the administration's plan for...

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