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Politics

Geithner tells senators not seeking more bailout: Conrad

Treasury Secretary Timothy Geithner arrives at the Development Committee session during the last day of the spring IMF-World Bank meeting in Washington, April 26, 2009. REUTERS/Yuri Gripas

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner told a group of Democratic senators the Obama administration would not soon be returning to Capitol Hill for more bank bailout funds, a key senator said on Thursday.

“I asked him if they’d need more TARP funding and he said ‘No time soon,’” North Dakota Sen. Kent Conrad, the Senate Budget Committee Chairman, told Reuters after the lunch meeting, referring to the Treasury’s Troubled Asset Relief Program.

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