Geithner's Nomination Is Unlikely to Fail

Taxes, schmaxes: Senate wants to know if he can fix economy
By Gabriel Winant,  Newser User
Posted Jan 21, 2009 8:44 AM CST
In this Nov. 24, 2008 file photo, Treasury Secretary-designate Timothy Geithner listens as President-elect Barack Obama speaks during a news conference in Chicago.    (AP Photo/Charles Dharapak, File)
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(Newser) – The herculean task awaiting Timothy Geithner is so critical to the nation that a niggling detail like unpaid taxes is unlikely to derail his bid to head up the Treasury Department, writes Deborah Solomon in the Wall Street Journal. While senators will likely press Geithner about his missteps during his hearing today, most seem reluctant to hold up his confirmation while the economy tanks.

Says Sen. Olympia Snowe, a finance committee member, “It doesn't mean to say that it doesn't bother senators, but these are monumental challenges, and I don't think it would preclude his nomination.” Likewise, a Republican financial-services lobbyist says, “Republican leaders think that Mr Geithner was one of President Obama's better Cabinet selections.”