Secretary Of The Treasury U S

Federal Reserve Bank of New York President Timothy F. Geithner won confirmation Monday as President Obama's Treasury secretary despite personal tax lapses that turned more than a third of the Senate against him. "Tim's work and the work of the entire Treasury Department must begin at once. We cannot lose a day because every day the economic picture is darkening, here and across the globe," Obama told supporters before Geithner was sworn in by Vice President Joe Biden.

The first time Treasury Secretary Timothy F. Geithner was sent out as point man to sell the Obama administration's financial rescue plan, the Dow Jones industrial average plunged 382 points. And Geithner's subsequent efforts as a center-stage spokesman were less than resounding successes. On Monday, the administration took a different approach.