Senate

Geithner Testifies: Calls for Tougher Bailout Terms 

President Obama’s Treasury Secretary-designate Tim Geithner called for aggressive action in tackling the economic downturn during his testimony before the Senate Finance Committee at his confirmation hearing Wednesday morning. “Senators, the ultimate costs of this crisis will be greater, if we don not act with sufficient strength now,” Geithner’s testimony read. “In a crisis of this magnitude, the most prudent course is the most forceful course.”