POLITICS
04/22/2009 05:12 am ET | Updated May 25, 2011

Treasury To Detail Toxic Assets Plan On Monday

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner will announce details on Monday of the Obama administration's plans for removing so-called "toxic" assets from the banking system by enlisting private investors in the effort, the Treasury Department said on Sunday.

Treasury said Geithner will hold a briefing at 8:45 a.m. EST on Monday to talk about wide-ranging efforts to stabilize the financial system through pumping cash into faltering banks and its other efforts to try to increase lending.

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