WASHINGTON, July 26 (UPI) -- The U.S. treasury secretary told a Senate panel Thursday the Financial Stability Oversight Council has made progress repairing the nation's financial system.
Timothy Geithner, testifying before the Senate Committee on Banking, Housing and Urban Affairs, said the FSOC annual report indicates significant progress in "repairing and reforming" the financial sector since the passage of the Wall Street Reform Act two years ago.