File photo of U.S. Treasury Secretary Geithner and Internal Revenue Service Commissioner Shulman in Washington

 
File photo of U.S. Treasury Secretary Geithner and Internal Revenue Service Commissioner Shulman in Washington
U.S. Treasury Secretary Timothy Geithner (R) thanking Internal Revenue Service Commissioner Doug Shulman for his remarks on Recovery Act tax cuts at the Eisenhower Executive Office Building in Washington in this March 22, 2010 file photo. Switzerland has long dodged U.S. accusations of hiding money for wealthy Americans. But now eleven Swiss banks are under investigation in the United States and there is pressure too from Europe where burdened taxpayers want scalps after numerous banking scandals. The Swiss need a deal to remove the taint from their financial industry. However, Washington must factor forthcoming elections into its thinking. Several key U.S. officials plan to step down, which could mean negotiations having to be reset. Shulman and Geithner are both scheduled to depart after the election. Secretary of State Hillary Clinton, credited by Swiss officials with helping negotiations over a settlement for UBS in 2009, is also leaving her job. REUTERS/Jim Young/Files