Reuter News
(Reuters) - Treasury Secretary Timothy Geithner defended the Obama administration's initiative to aid small business lending on Wednesday, blaming delays in disbursing capital to banks on a cautious approach by regulators.
Geithner, testifying before the House of Representatives Small Business Committee, fielded questions from lawmakers as to why none of the $30 billion in capital for small banks in the program had been disbursed. The program was approved by Congress last December.
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