March 17, 2009

Payback time for AIG: Treasury, Congress go after the bonuses

Amid the growing public outcry over American International Group's payment of $165 million in executive bonuses, Treasury Secretary Timothy Geithner said late Tuesday that the money would be deducted from the government's latest $30 billion infusion of bailout funds to the insurer. Separately, lawmakers in Congress sought to recoup the bonuses by taxing them.

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