TIMOTHY GEITHNER

The only time the U.S. dollar ever took a serious shellacking in the marketplace, the wounds were almost entirely self-inflicted.

The Obama administration heralded new rules protecting U.S. credit card holders from certain fees and rate increases on Monday, even as Connecticut's Attorney General criticized the Federal Reserve for not using the rules to reverse earlier card rate hikes.

An Obama administration spokesman on Monday stressed the importance of independent authority for a proposed U.S. financial consumer watchdog and said where it was housed was another issue.

The Obama administration on Monday urged support for a U.S. financial consumer watchdog that is strong and independent, pushing Senate Democrats to resist compromises sought by Republicans and bank lobbyists.

The financial system averted a meltdown but it is not yet back up to full strength, Treasury Secretary Timothy Geithner said on Wednesday.

Treasury Secretary Timothy Geithner said on Wednesday that the expected cost of U.S. financial bailout has fallen by more than $400 billion in the last year.

President Barack Obama's vow to get tougher on countries such as China that undervalue their currencies has heightened attention on whether the Treasury Department will formally label China as a currency manipulator in a semi-annual report due in April.

Stock index futures pointed to a flat open on Monday as nagging worries about euro zone sovereign debt continued to weigh on sentiment.

Stock index futures were lower on Monday as nagging worries about euro zone sovereign debt continued to weigh on sentiment.

The euro and growth-linked currencies fell on Monday as investors unwound risky trades amid growing worries about eurozone's debt problems, dismissing assurances from European finance ministers at the weekend.

The risk the economy will slip back into recession is lower now than at any time in the past year, Treasury Secretary Timothy Geithner said on Sunday, while conceding that recovery will be slow and uneven.

The risk the U.S. economy will slip back into recession is lower now than at any time in the past year, Treasury Secretary Timothy Geithner said on Sunday, while conceding that recovery will be slow and uneven.

Reassurances about debt-strapped Greece and agreement that banks should pay for future rescue funds capped an international meeting in Canada's Arctic, as European policymakers sought to convince jittery markets that they have things under control.

Treasury Secretary Timothy Geithner insisted on Saturday that major economies were not easing up on their commitment to stiffen the rules for banks just because the global economy was recovering.

The euro zone's top finance officials sought on Saturday to calm concerns about a deep budget crisis that has roiled financial markets and raised questions about the future of the single currency group.

Following are comments by finance ministers and other officials after a meeting of the Group of Seven industrialized nations, focused on the euro zone's budget crisis, bank regulation and economic recovery.

The number of U.S. workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were closer to adding to payrolls.

Not all the derivative contracts American International Group Inc wrote on complex securities backed by now-toxic mortgages have ended up being a disaster.

U.S. Treasury Secretary Timothy Geithner on Wednesday said insurer AIG's contracts to pay hundreds of millions of dollars in bonuses were outrageous and appealed to Congress to help recoup payments.

The Obama administration is prepared to impose fees on financial firms for as long as necessary to ensure that every cent spent on bailing out banks is repaid, Treasury Secretary Timothy Geithner said on Tuesday.

The Obama administration is prepared to impose fees on financial firms for as long as necessary to ensure that every cent spent on bailing out banks is repaid, U.S. Treasury Secretary Timothy Geithner said on Tuesday.