Geithner: Government Can Handle CIT

Treasury Secretary Timothy Geithner said the U.S. government has the authority and the ability to address the crisis at CIT Group Inc.

"I'm actually pretty confident in that context we have the authority and the ability to make sensible choices," he said at a news conference in London. "We have a significant interest generally in trying to make sure the financial system gets through this, adjusts where it needs to adjust and emerges stronger."