Geithner announces new lobbying rules for bailout

By: MARTIN CRUTSINGER / AP Economics Writer
By: MARTIN CRUTSINGER / AP Economics Writer

Treasury Secretary Timothy Geithner, in his first full day on the job, is announcing new rules to limit special-interest influence on the government's $700 billion financial rescue program.

The new rules are designed to crack down on lobbyist influence over the rescue program. The Obama administration says they go farther than the lobbying rules imposed by the Bush administration.

The new rules are aimed at making sure political influence is not a factor in awarding rescue money.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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