March 22, 2009 |
Is Treasury Secretary Timothy F. Geithner becoming a toxic asset for the Obama administration? It's a question people in Washington are starting to ask. Geithner, though considered a brilliant policy wonk and financial strategist behind closed doors, has not been a hit with the public or Congress as the administration struggles to tame the economic crisis. Instead, he has become the administration's chief magnet for negative attention.
April 25, 2009 |
Treasury Secretary Timothy F. Geithner said Friday that the contraction in the global economy might have eased and some financial markets were showing signs of improvement. "Without underestimating the challenges we see, there are signs that the pace of deterioration in economic activity and trade flows has eased," Geithner said after a meeting of Group of 7 finance ministers and central bankers in Washington.
January 15, 2009 |
Though he was a prodigy in the world of economics, Timothy F. Geithner underwent an IRS audit in 2006 and ended up paying back taxes for a mistake in two years' worth of filings. That was embarrassing enough. But just as he was about to be named to head the Treasury Department, a more awkward fact came to light: Geithner had made the same error in two earlier tax years and failed to fix it even after the audit.
May 30, 2009 |
When Treasury Secretary Timothy F. Geithner arrives Sunday in Beijing, he will have to begin assuring the Chinese that their vast holdings in federal bonds are safe and that the Obama administration is doing everything it can to preserve the value of the American dollar.
January 28, 2009 |
Treasury Secretary Timothy Geithner is no Hank Paulson when it comes to his personal finances. Geithner's financial disclosure filing released Tuesday showed he has assets valued at $740,000 to $1.7 million. His biggest asset is partial ownership of property on Cape Cod in Massachusetts valued at $250,000 to $500,000. Former Treasury Secretary Henry M.
September 11, 2009 |
WASHINGTON -- Citing emerging financial sector stability, Treasury Secretary Timothy Geithner said Thursday that a number of government rescue efforts in place since the Wall Street crisis are no longer needed and that banks will repay $50 billion in rescue funds over the next 18 months. Geithner, testifying before a congressional watchdog panel, said the nation still has a ways to go before "true recovery takes hold." But he said improved conditions in the banking industry have prompted Treasury to begin winding down emergency support programs.
January 25, 2012 |
Treasury Secretary Timothy F. Geithner says he's "confident" he won't be serving a second term, even if President Obama is reelected. "He's not going to ask me to stay on, I'm pretty confident," Geithner told Bloomberg Television on Wednesday. "I'm confident he'll be president. But I'm also confident he's going to have the privilege of having another secretary of the Treasury. " Cabinet secretaries are rarely expected to serve a second term, and Geithner is no exception. As the last remaining member of Obama's original economic team, Geithner has fought back rumors of his departure before. In August, after a brutal fight with Congress over raising the debt limit, many speculated that the secretary was preparing to resign.
April 5, 2012 |
CHICAGO — Treasury Secretary Timothy F. Geithner said that improvement in the economy is promising, but he warned that too much deficit cutting too quickly could undermine the recovery. Speaking in Chicago, Geithner noted Wednesday that business investment in equipment and software is up 33% and exports have grown 24% in the last 21/2 years. "Overall, we have done a better job than many economies in making adjustments" after the financial crisis, he said. Geithner also commended Eurozone leaders for the safeguards they have put in place to curtail the threat of a new financial crisis.
February 2, 2012 |
Treasury Secretary Timothy F. Geithner has a message for voters as they listen to Republican presidential candidates call for repeal of the 2010 Dodd-Frank financial overhaul law: Remember the pain. "I would say remember 2008 and 2009," Geithner told reporters Thursday during a news conference touting the benefits of the overhaul. "Remember the fact that the reason why we're living with very high unemployment with millions of Americans that have lost their homes, terrible damage to the basic economics of America is because of the failures that caused this crisis in the financial system.
April 15, 2012 |
WASHINGTON -- Top Obama administration aides pushed back Sunday against a charge by Republican presidential challenger Mitt Romney that women have suffered the brunt of the weak economy during the president's tenure. Treasury Secretary Timothy F. Geithner called Romney's claim that women have accounted for 92% of the jobs lost since Obama took office “ridiculous and very misleading.” “It's a meaningless way to look at the basic contours of the economy,” Geithner told Bob Schieffer on CBS' “Face the Nation,” adding that male-dominated industries such as construction and manufacturing were drained of jobs when the recession began underPresident George W. Bush.