News Jack Lew’s previous squiggle of a signature, above, and the new one, below

When US President Barack Obama nominated Jack Lew as the new Secretary of the US Treasury in January, the media had one overwhelming concern about the appointment: Lew’s illegible signature, which resembles the doodle of an absent-minded child, would now appear on every US banknote.

America will be growing again within a year, predicts Geithner

But US economy still faces risks, warns Treasury boss

David Prosser: Will Darling's plan pass the litmus test?

Outlook Once you have finished arguing the toss over who has snubbed who, the real test of the White Paper on the reform of banking regulation, finally unveiled yesterday, is a pretty simple one. Will the changes it proposes mean we can be confident about not having to endure another financial crisis like the one we have just been through? The answer to that question – annoying and predictable though it may be – is that we don't yet know. And that's because, for all the technical detail and new ideas published yesterday, we have yet to hear precisely what this Government intends to do with the two most crucial aspects of future regulation.

US push to curb derivatives gathers steam

The US government and regulators are stepping up their efforts to bring the wilder reaches of the vast credit derivatives market under central supervision for the first time.

Geithner reassures Chinese their dollar assets are safe

US Treasury Secretary politely asks rulers to devalue nation's currency

Michelle Obama joins People 'most beautiful' list

Breast cancer survivor Christina Applegate made the cover of People magazine's 100 most beautiful people issue yesterday in a list that welcomed newcomers US first lady Michelle Obama and "Twilight" heart-throb Robert Pattinson.

Finance officials at odds over IMF funding plan

Finance officials are pledging to keep the momentum going in their efforts to combat a severe global downturn but have hit a stumbling block in differences over how to boost the resources of the International Monetary Fund.

Financier at centre of the US mortgage crisis found hanged

Executive ran multibillion-dollar lender under investigation for accounting fraud

Credit crisis diary: Pretty (but very quiet) in pink

The pink protesters strike again. The evidence given by Timothy Geithner, US Treasury Secretary, to Congress yesterday was briefly interrupted by two female protesters dressed in pink, demanding that the banks repay the bailout cash they've received from taxpayers. The women are veteran protesters, having previously heckled the Treasury adviser, Larry Summers, and the Goldman Sachs boss, Lloyd Blankfein. As ever, the two protesters were unfailingly polite, sitting down meekly once Geithner started to speak. A testament both to US democracy and to good manners.

Andreas Whittam Smith: At last, an escape route for the banks. But will they take it?

Both Darling's and Geithner's schemes are favourable to the private sector

US details $1trn toxic asset plan





The United States tried to persuade private investors today to take on huge sums in banks' toxic assets, while the IMF warned of a drastic rise in unemployment that might threaten democracy in some countries or even provoke war.

Obama: I won't let Treasury Secretary quit his job

President seeks to end criticism of aide at centre of row over Wall Street bonuses

David Prosser: Geithner is fast running out of time and excuses

How did it go so wrong so quickly for Timothy Geithner, facing calls to resign just a few months after President Barack Obama won near-universal acclaim for appointing him US Treasury Secretary? Mr Geithner is failing both politically and strategically. It became painfully obvious last week that the Treasury had not foreseen how explosive the bonus scandal at AIG would become.

'It was like the Special Olympics': Obama has his own Bush moment

President apologises for disability gaffe on Jay Leno chat show

Leno show is friendly turf for Obama

If TV talk shows have become a battleground where hosts and newsmakers battle it out, Jay Leno and President Barack Obama didn't get the message.

US launches $5bn motor industry aid

The US Treasury Department today pledged to provide up to $5 billion in financing support to auto parts suppliers to help them survive a massive downturn in US car sales.

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home
Lauded therapist Harley Mille still in limbo as battle to stay in Britain drags on

Lauded therapist still in limbo as battle to stay in Britain drags on

Australian Harley Miller is as frustrated by court delays as she is with the idiosyncrasies of immigration law
Lewis Fry Richardson's weather forecasts changed the world. But could his predictions of war do the same?

Lewis Fry Richardson's weather forecasts changed the world...

But could his predictions of war do the same?
Kate Bush asks fans not to take photos at her London gigs: 'I want to have contact with the audience, not iPhones'

'I want to have contact with the audience, not iPhones'

Kate Bush asks fans not to take photos at her London gigs
Under-35s have rated gardening in their top five favourite leisure activities, but why?

Young at hort

Under-35s have rated gardening in their top five favourite leisure activities. But why are so many people are swapping sweaty clubs for leafy shrubs?
Tim Vine, winner of the Funniest Joke of the Fringe award: 'making a quip as funny as possible is an art'

Beyond a joke

Tim Vine, winner of the Funniest Joke of the Fringe award, has nigh-on 200 in his act. So how are they conceived?
The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

The late Peter O'Toole shines in 'Katherine of Alexandria' despite illness

Sadly though, the Lawrence of Arabia star is not around to lend his own critique
Wicken Fen in Cambridgeshire: The joy of camping in a wetland nature reserve and sleeping under the stars

A wild night out

Wicken Fen in Cambridgeshire offers a rare chance to camp in a wetland nature reserve
Comic Sans for Cancer exhibition: It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans

Comic Sans for Cancer exhibition

It’s the font that’s openly ridiculed for its jaunty style, but figures of fun have their fans
Besiktas vs Arsenal: Five things we learnt from the Champions League first-leg tie

Besiktas vs Arsenal

Five things we learnt from the Champions League first-leg tie
Rory McIlroy a smash hit on the US talk show circuit

Rory McIlroy a smash hit on the US talk show circuit

As the Northern Irishman prepares for the Barclays, he finds time to appear on TV in the States, where he’s now such a global superstar that he needs no introduction
Boy racer Max Verstappen stays relaxed over step up to Formula One

Boy racer Max Verstappen stays relaxed over step up to F1

The 16-year-old will become the sport’s youngest-ever driver when he makes his debut for Toro Rosso next season
Fear brings the enemies of Isis together at last

Fear brings the enemies of Isis together at last

But belated attempts to unite will be to no avail if the Sunni caliphate remains strong in Syria, says Patrick Cockburn
Charlie Gilmour: 'I wondered if I would end up killing myself in jail'

Charlie Gilmour: 'I wondered if I'd end up killing myself in jail'

Following last week's report on prison suicides, the former inmate asks how much progress we have made in the 50 years since the abolition of capital punishment