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Timothy F Geithner

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BUSINESS
August 1, 2012 | By William D'Urso, Los Angeles Times
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.
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BUSINESS
March 11, 2014 | Bloomberg News
McGraw Hill Financial Inc.'s Standard & Poor's unit may be allowed to seek information from former U.S. Treasury Secretary Timothy F. Geithner related to what the company said was a "threatening" call he made to McGraw Hill Chairman Harold W. McGraw III after S&P's downgrade of U.S. debt in 2011. At a hearing Tuesday in Santa Ana, U.S. District Judge David Carter said he's concerned about why Geithner would have made the call to McGraw Hill's chairman three days after the downgrade, other than for it to have a "chilling effect.
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BUSINESS
March 11, 2009 | Associated Press
The Obama administration will unveil within the next couple of weeks details of its plan for dealing with the toxic assets that lie at the heart of the financial crisis, Treasury Secretary Timothy F. Geithner said Tuesday. He predicted the plan, calling for federal financing to help private investors buy the bad assets held by banks, would succeed, but he said it would take time to end the crisis.
BUSINESS
February 27, 2013 | By Jim Puzzanghera
WASHINGTON -- The Senate on Wednesday confirmed Jacob J. Lew as Treasury secretary, allowing the longtime budget expert to take office as President Obama deals with looming automatic federal spending cuts. Lew, 57, was approved by a 71-26 vote. He succeeds Timothy F. Geithner, who stepped down in January after four years in the job. Lew brings different expertise to the job than Geithner, who had a deep background dealing with financial markets and Wall Street. For his second Treasury secretary, Obama chose a person with a long history of crafting budgets and helping negotiate spending deals with Republicans in Congress.
BUSINESS
April 25, 2009 | Bloomberg News
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.
BUSINESS
April 30, 2009 | Rebecca Cole
On the eve of a congressional vote on credit card reforms, Treasury Secretary Timothy F. Geithner urged lawmakers Wednesday to "change the rules of the game." He said that "deceptively complex" credit card rules "hurt responsible borrowers and threaten to turn lives upside down." President Obama has criticized companies for jacking up interest rates and levying unexpected fees on customers.
BUSINESS
January 23, 2009 | Tom Petruno
Treasury Secretary-designate Timothy F. Geithner on Thursday accused China of "manipulating" its currency, raising the risk of a new U.S.-China trade row. Geithner's comments helped spark a jump in Treasury bond yields, on fears that a trade dispute could dim China's appetite for Treasury debt -- at a time when U.S. financing needs are skyrocketing as the Obama administration ramps up spending to bail out the economy.
NATIONAL
January 27, 2009 | associated press
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.
OPINION
March 20, 2009
When President-elect Barack Obama picked Timothy F. Geithner to be his Treasury secretary four months ago, numerous analysts praised the choice because of Geithner's expertise in the financial industry. He was president of the Federal Reserve Bank of New York at the time, and had helped craft the response to the troubles roiling global credit markets.
BUSINESS
February 27, 2013 | By Jim Puzzanghera
WASHINGTON -- The Senate on Wednesday confirmed Jacob J. Lew as Treasury secretary, allowing the longtime budget expert to take office as President Obama deals with looming automatic federal spending cuts. Lew, 57, was approved by a 71-26 vote. He succeeds Timothy F. Geithner, who stepped down in January after four years in the job. Lew brings different expertise to the job than Geithner, who had a deep background dealing with financial markets and Wall Street. For his second Treasury secretary, Obama chose a person with a long history of crafting budgets and helping negotiate spending deals with Republicans in Congress.
BUSINESS
February 6, 2013 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - It didn't take long for former Treasury Secretary Timothy F. Geithner to land a new job, and it's not on Wall Street, though it's in the same area code. The Council on Foreign Relations, a nonpartisan think tank in New York, said Wednesday that Geithner would become its newest senior fellow this month. He stepped down as Treasury secretary Jan. 25. President Obama has nominated White House Chief of Staff Jacob J. Lew to replace him. Geithner has followed this route before.
BUSINESS
January 10, 2013 | By Jim Puzzanghera and Christi Parsons, Los Angeles Times
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.
ENTERTAINMENT
November 30, 2012 | Ed Stockly
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)
BUSINESS
August 1, 2012 | By William D'Urso, Los Angeles Times
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.
BUSINESS
July 27, 2012 | By Jim Puzzanghera, Los Angeles Times
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.
BUSINESS
July 16, 2012 | By Jim Puzzanghera and Marc Lifsher, Los Angeles Times
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.
NATIONAL
January 15, 2009 | Kathy Kristof, Kathy Kristof is a personal-finance author and syndicated columnist.
The numerous errors on Timothy F. Geithner's income tax returns had tax accountants debating Wednesday whether the missteps were innocent, cheating or simply the result of the overly complicated tax code. Geithner's political fate -- he is President-elect Barack Obama's choice as Treasury secretary, putting him in charge of the IRS -- lies in balance. But it's not an easy call. Tax experts said that the issues that tripped up Geithner were complex enough to befuddle many taxpayers.
NATIONAL
January 15, 2009 | Janet Hook and Christi Parsons
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.
NATIONAL
September 26, 2011 | By Tom Hamburger, Kim Geiger and Matea Gold, Washington Bureau
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.
OPINION
July 15, 2011
Even if the White House and congressional leaders reach a deal to raise the debt limit, they face at least two hurdles to persuading rank-and-file Republicans to go along. Some cling to a disturbing belief that the Treasury Department doesn't need to borrow more money to keep America's creditors happy. And many more insist that the deal must include a constitutional amendment to require a balanced budget. The former notion is irrational. And the latter is bad policy, even if it reflects a legitimate concern about the financial burden on future generations.
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