News: Economy, Treasury, TARP, More AIG Execs to Get the Axe

Geithner won't rule out firing more executives of private companies.

• Meanwhile, the Treasury Department refuses to disclose details of TARP funding to congressionally-mandated oversight panel created specifically to monitor bailout spending.

• Senate bill would federalize network security, forcing even private companies to use federally-mandated systems.

• Combined federal government commitment on bailouts hits $12.8 trillion, a 70 percent increase since November, and nearly 90 percent of total U.S. GDP for 2008.

• Oregon bill would raise the smoking age to 21.

New drug czar says at hearing he will focus on demand reduction, prevention rather than enforcement.


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