January 10, 2013 |
WASHINGTON - President Obama on Thursday will nominate his chief of staff, Jacob J. Lew, a fiscal policy expert with deep Washington roots, as his new Treasury secretary to help lead the administration through budget battles ahead. Lew, 57, would replace Timothy F. Geithner, who has been planning to leave the administration this month, according to a White House official. The official announcement is expected to come at 10:30 a.m. Pacific time. “Throughout his career, Jack Lew has proven a successful and effective advocate for middle-class families who can build bipartisan consensus to implement proven economic policies,” the White House said.
November 30, 2012 |
Click here to download TV listings for the week Dec. 2 - 8 in PDF format This week's TV Movies SATURDAY Good Morning America (N) 7 a.m. KABC The Chris Matthews Show "Fiscal cliff" negotiations: Richard Stengel; Katty Kay; John Heilemann; Gloria Borger. (N) 5 p.m. and Sunday 5:30 a.m. KNBC McLaughlin Group 6:30 p.m. KCET SUNDAY Today "Electric" diet; living with honor. (N) 6 a.m. KNBC Good Morning America (N)
August 1, 2012 |
Treasury Secretary Timothy F. Geithnersaid Europe has the tools to fix its financial problems and its leaders remain committed to ending the continent's debt crisis. Speaking to the Los Angeles World Affairs Council on Tuesday, Geithner said that central bankers must act swiftly because the problems in Europe are slowing global growth. He had just returned from a trip to Europe where he met with politicians and policymakers. "This is completely within their financial abilities to solve," Geithner said.
July 27, 2012 |
WASHINGTON — Treasury Secretary Timothy F. Geithner told lawmakers that he doesn't think the manipulation of the scandal-plagued Libor standard by large banks cost taxpayers money when the benchmark interest rate was used to set some bailout terms. Still, he said, Treasury officials are investigating how the London Interbank Offered Rate affected bailout costs. For the second straight day of congressional hearings Thursday, Geithner defended his handling of concerns raised in 2008 that large banks were manipulating Libor.
July 16, 2012 |
WASHINGTON - A House committee is launching a bipartisan investigation into allegations that large banks rigged a key interest rate, and will start by questioning Federal Reserve ChairmanBen S. Bernanke and Treasury SecretaryTimothy F. Geithner at upcoming hearings. At the same time, officials at the country's largest public pension fund, the California Public Employees' Retirement System, said Monday they were examining the effect of the rate-fixing scandal and might seek damages if they could be calculated.
September 26, 2011 |
Long before the politically connected California solar firm Solyndra went bankrupt, President Obama was warned by his top economic advisors about the financial and political risks of the Energy Department loan guarantee program that boosted the company's rapid ascent. At a White House meeting in late October, Lawrence H. Summers, then director of the National Economic Council, and Timothy F. Geithner, the Treasury secretary, expressed concerns that the selection process for federal loan guarantees wasn't rigorous enough and raised the risk that funds could be going to the wrong companies, including ones that didn't need the help.