Geithner Leaving This Month: Report

Treasury chief expected to be gone before debt ceiling showdown

By John Johnson,  Newser Staff

Posted Jan 3, 2013 2:40 PM CST

(Newser) – Another fight over the debt ceiling might be just around the bend, but a key member of the White House financial team won't be here to see it: Bloomberg reports that Treasury chief Timothy Geithner, who has long planned to leave his post, will do so at the end of this month. The leading candidate to replace him remains White House chief of staff Jack Lew, though he'd likely need a deputy with a strong Wall Street background. The White House reportedly reached out to American Express CEO Kenneth Chenault as a potential Geithner successor, but he is opting to stay in the private sector, according to Bloomberg's insiders.

This Nov. 30 photo provided by CBS News shows Treasury Secretary Timothy Geithner answering questions about the fiscal cliff.
This Nov. 30 photo provided by CBS News shows Treasury Secretary Timothy Geithner answering questions about the "fiscal cliff."   (AP Photo/CBS News, Chris Usher)
A file photo of White House chief of staff Jack Lew. The next Treasury secretary?
A file photo of White House chief of staff Jack Lew. The next Treasury secretary?   (AP Photo/J. Scott Applewhite, File)
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