The passage of the stimulus bill has been greeted by Obama as good news and the bill now goes to a House/Senate conference committee where any differences are worked out. In the Sneate version,the “buy American” provisions have been watered down.

Geithner continues his PR push to try and reclaim his poporly received speech on bailing out the banks. He told Bloomberg he has not mage a judgement yet on whether China is a currency manipulator.