US The Obama administration faces its latest moment of truth on Monday when Tim Geithner, US Treasury secretary, unveils a plan to take hundreds of billions of dollars of toxic assets off banks’ balance sheets.
Monday’s announcement, the success of which will help determine whether an increasingly besieged administration regains full credibility in its handling of the financial crisis, follows a weekend of frantic leaking, with both the Treasury and the White House denying being the sources.
