Timothy Geithner Opens Up | 04/02/2009 9:05 am
Timothy Geithner Interview With Couric, Gibson and Williams (Video)

Days after the TARP watchdog, Elizabeth Warren, went before the Senate Finance Committee to accuse the Treasury Department of a lack of oversight on its $700-billion bailout, Treasury Secretary Timothy Geithner made the media circuit to further explain his grand plans.
Breaking from the G-20 Summit in London, a weary-eyed Geithner spoke with CBS’s Katie Couric, ABC’s Charles Gibson and NBC’s Brian Williams. All three journalists prodded him on the Treasury Department’s accountability to the taxpayers — who poured their money into the bailout-beleaguered banks and automobile industry. The interviews come after the government pressured GM CEO Rick Wagoner to resign after he failed to present a worthy plan of how he could pay back Uncle Sam.
Below are the videos from all three interviews.
Watch Geithner tell Couric that another CEO could be ousted:
Watch Geithner tell Gibson that there is no double standard for the auto industry:
Watch Geithner tell Brian Williams the ‘world is with the president’:
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Tell us: Which interview did you find most insightful? We thought Couric put him in the pressure cooker, prodding him on how shocking it was to hear that the Treasury Department lacks tools or markers to measure how the bailout money is being spent. She looked fantastic doing it, too.























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Thank goodness for this one: (sorry geithner and obama)
Senate Rejects Obama Plan to Cut Tax Breaks on Charitable Gifts
By Brian Faler
April 2 (Bloomberg) — The U.S. Senate rejected a proposal by President Barack Obama to finance an overhaul of the nation’s health-care system by limiting the ability of the well-to-do to take tax deductions for charitable contributions.
The chamber unanimously approved an amendment to a pending budget plan that rejects the proposal to limit the size of itemized deductions that can be taken by those earning more than $250,000.
Obama proposed using the estimated $318 billion such a change would generate to help finance a health-care overhaul, which he says will cost at least $630 billion. Lawmakers said they feared the effect of such a tax change on charities.
“The Senate sent a clear message to the president,” said Senator Bob Bennett, a Utah Republican who sponsored the amendment. “Charities benefit greatly from the donations made by individuals in this income bracket, and raising taxes on these contributions would be a disservice to Americans and the millions of charities across the country.”