Senior officials in President Obama's administration announced the postponement of the rollout date for a financial rescue package. Originally, the package being put together by Treasury Secretary Timothy Geithner and other top economic advisers was supposed to be presented this week, but, according to CNNMoney, it will now be unveiled the second week of February.
Officials said the plan will include a crackdown on bonuses and other compensation for companies that receive federal bailout money, and the plan is also expected to include provisions on the foreclosure crisis to help taxpayers restructure their mortgages.
Source:
CNNMoney: Rollout Of Rescue Package Delayed
