U.S. Dept. of Treasury

Treasury Secretary Timothy Geithner is ready to move on, and Obama’s Chief of Staff Jacob Lew, former director of the Office of Management and Budget (OMB), is the likely replacement.

In an attempt to weaken the prominent Mexican Sinaloa cartel, the U.S. Treasury Department on Tuesday sanctioned an associate of the cartel’s head and four other individuals under the Kingpin Act.

The United States Treasury is on track to recover most of the $69 billion in taxpayer funds it used to bail out insurance giant AIG in 2008 at the height of the financial crisis, according to a 2011 Government Accountability Office report.