The Treasury Department’s bank investments are paying dividends. But saying they have earned $6 billion for taxpayers, as Tim Geithner did, is a stretch. Tim Geithner may have jumped the gun by saying taxpayers have earned money on TARP. NEW YORK (Fortune) — The markets are on a roll, but it’s still a tad early [...]

Facing a rising tide of home foreclosures, the Obama Administration is pushing mortgage servicing companies to more than double the industry’s mortgage modifications by Nov. 1. After a day long meeting with 25 servicers at the Treasury Department, the Administration for the first time announced a specific goal for modifications by the industry under the [...]

Treasury Secretary Timothy F. Geithner today sought to downplay the idea of a second economic stimulus plan, saying the need for another program is a decision the administration “can’t really make” now. In an interview on CNN’s “Fareed Zakaria GPS,” Geithner also was asked about reining in federal borrowing, whether tax increases would be needed [...]