Treasury Secretary Geithner is on the wires this afternoon testifying on the President’s FY-2010 budget. As already stated in the budget, Geithner warns that the financial stability plan may cost more money than had originally been provisioned for. The Treasury Secretary also pledges to crack down on corporates and individuals that have avoided paying taxes. Also out is news that US consumer bankruptcies rose by 10.8% in February according to the American Bankruptcy Institute. The Euro has been trading with a heavy tone in the afternoon and looks like it is prepping for a break below the 1.2515 2009 lows from February 18. Meanwhile, Usd/Jpy has backed off from its daily highs after being well capped below notable resistance at 98.70.