Treasury Secretary Timothy Geithner details the Obama administration's economic recovery plan and clarifies how the government plans to address the banking crisis.

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Federal regulators said Monday they are prepared to launch a revamped program to bolster troubled U.S. banks, including the option of increasing government ownership in financial institutions.

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Treasury nominee Timothy Geithner went before a Senate panel Wednesday, answering questions on the financial crisis as well as his tax payment controversy. Analysts mull what's ahead for Obama's economic agenda.

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While introducing his team of economic advisors Monday, President-elect Barack Obama urged the incoming Congress to pass an economic stimulus plan "right away" to address the nation's ongoing economic crisis.

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Question/Comment: Can you address the consequences of selecting a Treasury Secretary? What are the salient policy and personality differences between the different candidates? Are there other notable candidates not on the short list that should be? Paul Solman: By candidates…

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With the U.S. economy likely in recession and the country embroiled in two wars, President-elect Barack Obama and his staff have been quickly transitioning from campaign mode to preparing to govern with little time to celebrate his landmark victory.

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President Bush called for about $145 billion worth of tax relief for individuals and businesses Friday to give the U.S. economy a "shot in the arm" and hopefully avert a recession.

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