Treasury Secretary Tim Geithner is up on the Hill this morning, updating Senators on the TARP program. He says it helped forestall a systemic meltdown and says the government has $123.7 bln of the original $700 bln left. The PPIP Toxic asset program should start in the next six weeks, he says .TARP banks have now raised $56 bln in new funds since the stress test.
EUR/USD has pushed up to fresh session highs, reaching 1.3725. Oil is above $61 and US equities are opening firm.
