BUSINESS
12/28/2008 05:12 am ET Updated May 25, 2011

Treasury Struggling To Hire Enough Staff To Handle $700B Rescue Plan

WASHINGTON - President-elect Barack Obama has made his most important Treasury Department personnel choice, but Timothy Geithner has big personnel challenges of his own.

The current Treasury has so far struggled to keep up with the task of hiring enough people to handle the $700 billion financial rescue package passed by Congress in October. The man now in charge of running the Troubled Asset Relief Program, Assistant Secretary Neel Kashkari, said the department's Office of Financial Stability, with about 40 full-time employees, is operating at half-staff.

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