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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Treasury secretary

Treasury secretary stories: 59 news summaries

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 Obama: Geithner's Job Is Safe 


Mar 21, 09 10:09 PM CDT
(Newser) - Barack Obama has a message for those who want Tim Geithner out at Treasury: Forget about it. And if Geithner himself decides he's had enough and tries to resign, the president has a ready answer: "Sorry, Buddy, you've still got the job." In an interview with 60 Minutes... More »

MORE ABOUT:
60 Minutes • interview • Treasury secretary • President Obama • Timothy Geithner • Obama Cabinet

(Newser) - Treasury chief Tim Geithner said today that he asked Chris Dodd to add a stimulus loophole allowing AIG to dole out bonuses. Geithner told CNN he felt he had no choice because the government would have been vulnerable to lawsuits if it tried to stop them. "But we also... More »

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Chris Dodd • AIG • bonuses • Treasury secretary • Timothy Geithner

ANALYSIS

 How Obama Can 
 Reboot Geithner 

Treasury sec needs a freer hand and more staff to survive

Mar 19, 09 7:55 AM CDT
(Newser) - Three times in 3 days the president has had to offer a defense of Tim Geithner, who will almost certainly remain Treasury secretary despite calls to resign. As Eamonn Javers reports in Politico, the White House now has to perform some crisis management: Keep Geithner out of the spotlight, allow... More »

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Barack Obama • AIG • Treasury Department • crisis management • Treasury secretary • Timothy Geithner

Frank's House Panel to Grill Geithner Twice

Another Republican congressman calls
for him to resign

Mar 18, 09 4:17 PM CDT
(Newser) - As criticism of Treasury Secretary Timothy Geithner mounts, he is scheduled to take his place on the hot seat next week, the Wall Street Journal reports. Geithner will appear before Barney Frank's House panel—the same one grilling AIG chief Edward Lilly today—Tuesday and Thursday. Two Republican congressmen, Connie... More »

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Congress • AIG • bonuses • Barney Frank • Treasury secretary • Timothy Geithner

 Just Quit, 
 Geithner: 
 GOP Rep. 

AIG bonuses is latest of Tim's failings: Mack

Mar 18, 09 1:35 PM CDT
(Newser) - The AIG bonus flap is the last straw for Rep. Connie Mack, who today called for Treasury Secretary Timothy Geithner to resign or be fired, USA Today reports. “The scandal is but the latest fiasco under his watch,” said the Florida Republican, the first among GOP congressmen to... More »

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GOP • AIG • bonuses • House Republicans • Treasury secretary • President Obama • Timothy Geithner • Connie Mack

 Geithner Sees 
 'Dramatically 
 Different' 
 Capitalism 

Treasury sec defends his record on Charlie Rose

Mar 11, 09 8:04 AM CDT
(Newser) - Tim Geithner defended his performance at the New York Fed and the Treasury in a long interview with Charlie Rose last night, but conceded that "expectations got ahead of the policy." Geithner rejected suggestions that the lack of a policy detail was muddling the Obama administration's message and... More »

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Treasury Department • Charlie Rose • Treasury secretary • financial crisis • Timothy Geithner

Geithner Takes Hit as
2 Treasury Picks Pull Out

Candidates for deputy, international affairs stick to old jobs

Mar 6, 09 10:59 AM CST
(Newser) - Two leading candidates for top Treasury jobs have dropped out of the running in a setback for secretary Tim Geithner, Reuters reports. Former Securities and Exchange commissioner Annette Nazareth had been in line to be deputy secretary, but withdrew to stick with her private practice. Geithner’s pick for international... More »

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Treasury Department • Annette Nazareth • Obama administration • Treasury secretary • President Obama • Timothy Geithner • Caroline Atkinson

 Vetting Process Leaves 
 Agencies Understaffed 

Stimulus increases workload, but senior posts vacant

Feb 27, 09 3:02 PM CST
(Newser) - President Obama’s nominee vetting process is making it hard for federal agencies to get to work on new projects, the Boston Globe reports. Of about 500 senior positions, only 70 have been filled. Normally that wouldn’t be a problem, but the passage of the stimulus package “may... More »

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Cabinet • Paul Volcker • Treasury Department • economic stimulus package • vetting • Obama administration • Treasury secretary • President Obama • Timothy Geithner

ANALYSIS

Last-Minute Switch Doomed Geithner Speech

Old plan went bad,
new one wasn't ready; he had to stay vague

Feb 17, 09 9:47 AM CST
(Newser) - Treasury Secretary Tim Geithner was supposed to ride in on a white steed and save our financial system—only as he made his charge, the would-be knight got thrown from his horse and landed with a thud. Now the Washington Post reports that Geithner changed course only days before rolling... More »

MORE ABOUT:
Treasury Department • bailout • banks • Treasury secretary • Timothy Geithner • toxic assets

(AP) - This was no Roman holiday for Timothy Geithner. But after crashing global markets with a botched rollout of a bank rescue plan, the new Treasury secretary earned better reviews from global finance officials meeting in Rome. Geithner appeared more assured at a news conference here following two days of G-8... More »

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global economy • Group of Seven • Treasury secretary • Wall Street bailout • Timothy Geithner

Opinion Roundup

 Geithner's Not 
 Reassuring 
 Anyone 

They're not buying it, Tim

Feb 11, 09 8:43 AM CST
(Newser) - The financial world was desperate for answers yesterday, but what Timothy Geithner delivered “was a work in progress,” says the Washington Post editorial board, “more a concept than a plan, really.” It was like “Geithner at the Improv,” the Wall Street Journal... More »

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Treasury Department • newspaper editorials • bailout • Obama administration • Treasury secretary • financial crisis • Timothy Geithner • TARP

analysis

Brutal Day Puts Geithner
on the Defensive


Feb 10, 09 8:49 PM CST
(Newser) - It's safe to say the honeymoon's over for Tim Geithner. The Treasury chief—whose very appointment way back when gave the market a lift—spent all day on the defensive after unveiling the administration's economic plan, writes Emily Kaiser of Reuters. Wall Street tanked, interviewers dogged him with questions about... More »

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Treasury Department • Obama administration • banking industry • Treasury secretary • Timothy Geithner

(AP) - The Senate confirmed New York Fed chief Timothy Geithner to be President Barack Obama's secretary of the treasury today, the AP reports. The 60-34 vote puts Geithner at the helm of Obama's plan to rescue the economy from the worst financial crisis in three generations. It also dislodges one of... More »

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Senate • Treasury secretary • Timothy Geithner • Obama Cabinet

Geithner: China 'Manipulating'
Its Currency

Strong charge could
roil relations at a delicate time

Jan 22, 09 7:26 PM CST
(Newser) - Tim Geithner today accused China of "manipulating" its currency, a volatile charge in the diplomatic world that is certain to anger Beijing and possibly prompt it to sell some of its massive reserves of US dollars, the New York Times reports. The Treasury nominee made the accusation in a... More »

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China • currency • Obama administration • Treasury secretary • Treasury bills • Timothy Geithner

UPDATED

 Geithner Confirmation Expected 

Committee grills Treasury nominee on taxes, but session lasts just four hours

Jan 21, 09 2:14 PM CST
(Newser) - Members of the Senate Finance Committee reprimanded Timothy Geithner today for not paying $40,000 in taxes, but appeared ready to recommend the full Senate confirm him as Treasury Secretary despite his financial infractions, Roll Call reports. “I apologize for putting you in the position where you had to... More »

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taxes • Senate Finance Committee • economic stimulus package • economy • Obama administration • Treasury secretary • President Obama • Timothy Geithner

UPDATED

 Geithner 
 Sorry, 
 Blames 
 TurboTax 

Treasury nominee, at confirmation hearings, apologizes for tax missteps

Jan 21, 09 10:50 AM CST
(Newser) - Timothy Geithner apologized for failing to pay $34,000 in taxes today in his Senate confirmation hearing. “I should have been more careful,” the would-be Treasury secretary said, calling them careless, avoidable mistakes. When asked how he prepared the taxes he replied, “I will answer that, but... More »

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testimony • Treasury Department • Senate confirmation hearings • confirmation hearings • Obama administration • Treasury secretary • Timothy Geithner • Obama Cabinet

ANALYSIS

Geithner's Nomination Is Unlikely to Fail

Taxes, schmaxes: Senate wants to know
if he can fix economy

Jan 21, 09 8:44 AM CST
(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... More »

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Olympia Snowe • Senate Finance Committee • Senate confirmation hearings • Obama administration • payroll taxes • Treasury secretary • Timothy Geithner • TARP

'Bad Bank' for Toxic Assets Among Feds' TARP Options

Paulson, Bair show support creating federally sponsored institution

Jan 16, 09 2:12 PM CST
(Newser) - Support is growing for the latest proposed use of bailout funds: a federally sponsored “bad bank” to purchase toxic assets from troubled financial institutions, Bloomberg reports. “A lot of work has been done on an aggregator bank,” Treasury Secretary Henry Paulson said today; FDIC chief Sheila Bair... More »

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Ben Bernanke • Henry Paulson • mortgage • FDIC • bailout • Treasury secretary • financial crisis • Sheila Bair • President Obama • TARP

GOP Still on Board With Geithner Despite Tax Errors

Treasury nominee 'going to be just fine' with bigger problems he'll be facing

Jan 15, 09 10:15 AM CST
(Newser) - Timothy Geithner’s tax mistakes are minor compared with how much he could contribute as Treasury secretary, Republican leaders say. “I don’t think we can get a better person for this position,” Senate Finance Committee No. 2 Orrin Hatch told the Washington Post. Geithner’s errors include... More »

MORE ABOUT:
Barack Obama • IMF • Orrin Hatch • Senate Finance Committee • Charles Grassley • Treasury Department • bailout • Treasury secretary • Timothy Geithner

Senate Delays Hearing on Geithner

Troubled Treasury bid must wait until after Inauguration

Jan 14, 09 11:08 AM CST
(Newser) - The incoming administration's attempt to fast-track Tim Geithner's confirmation hearing has failed in the wake of trouble with his personal finances, and the session will now take place on Jan. 21, the New York Times reports. The delay of the Senate hearing until after the Inauguration, motivated by Republican lawmakers'... More »

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Cabinet • Senate Finance Committee • Charles Grassley • Treasury Department • US Senate • Treasury secretary • financial crisis • President Obama • Timothy Geithner • Cabinet secretary • Obama Cabinet

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