Geithner confirmed by 60-34 vote
WASHINGTON — The Senate confirmed Timothy Geithner as President Barack Obama’s Treasury secretary by a 60-34 vote, paving the way for the new administration to usher in its financial-rescue plan.
With Mr. Geithner now officially on board, the Obama administration is expected to detail shortly efforts to shore up the financial sector. In his first move, the Treasury Secretary is expected Tuesday to announce new rules intended to curb the influence of lobbyists and special interests in determining who gets aid from the government. The new efforts, part of Mr. Obama’s plan to revamp the financial bailout, are aimed at ensuring that investment decisions are based on what is best for the stability of the financial system, rather than on any type of political influence.
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