Treasury Secretary Tim Geithner is expected to lay out more elements of his proposed plan to bolster support of the financial industry, according to reports.
After markets expressed unease with the lack of details in the plan, Geither will seek to fill in the details of how the government will seek to assist banks in eliminating toxic assets from their holdings.
Geithner will release more details as a response to pressure from Wall Street, CNBC’s Charlie Gasparino reported.
The increased details will come amidst a public debate over what the government should do to help the struggling banks. Congressional leaders have debated, among other plans, whether or not banks should be partially and temporarily taken over by the federal government.