WASHINGTON, March 29 The Obama administration and lawmakers on Capitol Hill are "getting close" to a deal on language that would allow the government to shut down large, failing firms, Treasury Secretary Timothy Geithner said on Monday.
"You need to be able to shut down and dismember, unwind, sell the firm that is failing but make sure that process doesn't end up imperiling the rest of the financial system," Geithner said in an interview with CNBC television.
"We don't want taxpayers ever again to be exposed to bearing any of the costs of these kind of large financial crisis. So I think on those issues we are getting pretty close," he said.
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