NU Online News Service, Feb.3, 3:40 p.m. EST
WASHINGTON–Obama administration officials denied that American International Group had "outmaneuvered" them on bonus payment issues, and said if a proposed tax on large banks is enacted, it will ensure the bonus payments are recouped.
The comments by Treasury Secretary Timothy Geithner were made in reaction to disclosure that AIG will distribute approximately $100 million in bonuses today after winning employee consent to a $20 million cutback in that remuneration.
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