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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Treasury secretary

Treasury secretary stories: 59 news summaries

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Obama Team Scrambles to Save Geithner

PR blitz tackles nominee's tax, immigration issues

Jan 14, 09 1:50 AM CST
(Newser) - Barack Obama's transition team distributed talking points defending Timothy Geithner within minutes of emerging news on the Treasury nominee's tax and immigration issues, Politico reports. The PR push stressed that Geithner had paid off all his back taxes and that his former housekeeper's legal status did not lapse until the... More »

MORE ABOUT:
Barack Obama • taxes • nomination • Senate Finance Committee • nominee • Treasury secretary • financial crisis • President Obama • Timothy Geithner

Illegal Hire, Tax Issues May Trouble Geithner

GOP's Grassley on Treasury nominee's case ahead of hearings

Jan 13, 09 3:14 PM CST
(Newser) - Timothy Geithner’s Treasury secretary nomination could be threatened by allegations he hired illegal help and didn’t pay Social Security and Medicare taxes while self-employed, the Wall Street Journal reports today. Senate Finance Committee members are meeting privately to discuss the issues, raised by GOP Sen. Charles Grassley. Aides... More »

MORE ABOUT:
immigration • Barack Obama • taxes • Federal Reserve • nomination • Senate Finance Committee • Charles Grassley • Treasury secretary • financial crisis • President Obama • Timothy Geithner

 Rubin Quits Citi; 
 Smith Barney for Sale 

Ex-Treasury Sec. saw company's stock dive 90% since late '06

Jan 9, 09 3:15 PM CST
(Newser) - Former Treasury Secretary Robert Rubin is leaving his posts at struggling Citigroup, the Wall Street Journal reports. He retired as a senior counselor effective today, and won’t pursue another term on the board of directors. Journal sources also say Citigroup is in talks to sell Smith Barney, its brokerage... More »

MORE ABOUT:
Barack Obama • Citigroup • Robert Rubin • board of directors • Treasury secretary • Wall Street bailout

ANALYSIS

Wall Streeters Question Geithner's
Role in Crisis

Treasury pick has been at the table all along

Nov 25, 08 8:51 AM CST
(Newser) - Markets surged yesterday when Barack Obama announced that Timothy Geithner would become treasury secretary as part of an all-star economic team. But Wall Street actually harbors some skepticism about Geithner, writes Andrew Sorkin in the New York Times. As chair of the New York Fed, Geithner was the point man... More »

MORE ABOUT:
Lehman Brothers • AIG • Treasury Department • Federal Reserve Bank of New York • Treasury secretary • President Obama • Timothy Geithner

Politically, Geithner's a Mystery

Non-Wall St. players know little of would-be Treasury secretary

Nov 24, 08 12:10 PM CST
(Newser) - As the head of the New York Fed, Timothy Geithner is a known quantity in certain circles. But as he starts the process of taking the helm at the Treasury Department, the officials who will vote on his confirmation know surprisingly little about him, reports Politico. “I always worry... More »

MORE ABOUT:
Obama administration • Treasury secretary • President Obama • Timothy Geithner • Obama Cabinet

MARKETS

 Dow Up 494 on Geithner Pick 

Index gets back over 8,000, but lose for the week

Nov 21, 08 3:23 PM CST
(Newser) - News that Barack Obama’s will nominate Timothy Geithner, head of the New York Fed, as Treasury Secretary buoyed stocks today, although the major indices all lost value for the week, MarketWatch reports. The Dow closed up 494.13 at 8,046.42. The Nasdaq gained 68.23 to settle... More »

MORE ABOUT:
Barack Obama • Citigroup • Dow Jones • Nasdaq • The Gap • S&P 500 • Treasury secretary • financial crisis • Timothy Geithner

Paulson:
We're Doing
the Right Thing

Bush administration 'creatively working'
on financial crisis

Nov 17, 08 9:00 PM CST
(Newser) - On the eve of his testimony before Congress, beleaguered Treasury Secretary Henry Paulson used last night's speech to defend the administration's response to the nation's "unprecedented" financial crisis. Paulson said without the $700 billion Wall Street bailout, things would be even worse, ABC News reports. "It's hard to... More »

MORE ABOUT:
Wall Street Journal • Henry Paulson • Treasury Department • Robert Rubin • economic stimulus package • Larry Summers • economy • Treasury secretary • financial crisis • Wall Street bailout

To Avoid Recession, Cheer Up: Aussie Pol

Finance minister pushes power of the positive

Nov 12, 08 3:31 PM CST
(Newser) - Australia's finance minister apparently didn't see what happened to Phil Gramm  last summer when he declared that the US economic slowdown was "mental" and called Americans a "nation of whiners."  The recession would disappear, said Ken Henry, if Australians would  just buck up, Australia’s News... More »

MORE ABOUT:
Australia • economic growth • consumer confidence • unemployment • Kevin Rudd • job creation • Treasury secretary • financial crisis • Ken Henry

 Summers Vs. Geithner 
 for Treasury Chief 

Democrats divided on pick

Nov 7, 08 12:55 PM CST
(Newser) - The top candidates to become Treasury secretary, Larry Summers and Timothy Geithner, have Democrats split, and Politico looks at the resumes of both. Summers is a brilliant economist and close Obama adviser, but hardly smells of change, having backed deregulation and free-market strategies as Clinton’s Treasury chief. He's supposedly... More »

MORE ABOUT:
Barack Obama • transition • Larry Summers • Treasury secretary • President Obama • Timothy Geithner

UPDATED

Obama Huddles on Economy, Will Meet Press Today

Team of economic advisers already mapping out plan

Nov 7, 08 4:30 AM CST
(Newser) - Barack Obama isn't wasting any time in tackling the financial crisis, Reuters reports. The president-elect is meeting today with his new 17-strong team of economic advisers—and will hold his first press conference since his election victory at 2:30 EST. Wall Street has plummeted 10% in the last two... More »

MORE ABOUT:
Barack Obama • economic stimulus package • Obama administration • Treasury secretary • financial crisis • President Obama

 Rubin Won't Take Treasury Post 

Decision paves the way for another former Secretary, Lawrence Summers

Nov 6, 08 2:50 PM CST
(Newser) - Former Treasury Secretary Robert Rubin, a top economic adviser to Barack Obama during the campaign, will not reprise that Cabinet role in the new administration, Bloomberg reports. “I've spoken with him and told him I'm not interested in going back into government,” Rubin said today. His denial boosts... More »

MORE ABOUT:
Barack Obama • Jon Corzine • Paul Volcker • Robert Rubin • Larry Summers • Treasury secretary • transition team • President Obama • Timothy Geithner

Obama Gets Down to Business 

Treasury chief may be announced today as transition gears up

Nov 6, 08 4:20 AM CST
(Newser) - The Barack Obama team is swiftly dismantling his presidential campaign network and getting the framework in place for the transfer of power, the Washington Post reports. Economic issues are taking priority and the president-elect may announce his Treasury secretary as soon as today. Sources say New York Fed Chief Timothy... More »

MORE ABOUT:
Barack Obama • Paul Volcker • transition • Larry Summers • Election 2008 • George W. Bush • Obama administration • Treasury secretary • President Obama • Timothy Geithner

analysis

 Paulson Can't Sack AIG Execs 


Oct 10, 08 6:58 PM CDT
(Newser) - Barack Obama is probably far from alone in wanting the heads of AIG execs who staged a $440,000 employee spa retreat just after the government's bailout of the company. The question is, does Treasury Secretary Henry Paulson have the authority to can the wayward execs? Nope, explains Juliet Lapidos... More »

MORE ABOUT:
Henry Paulson • recession • AIG • Treasury Department • bailout • Treasury secretary • financial crisis • financial meltdown

Candidates Diverge on Picking the Next Paulson

McCain looks to big names; Obama seeks to sooth markets

Oct 7, 08 5:34 AM CDT
(Newser) - The post of Treasury secretary may be the most important appointment the next president has to make and John McCain and Barack Obama seem to be using different criteria, Bloomberg reports. McCain has mentioned big names like billionaire investor Warren Buffett and former eBay CEO Meg Whitman, while insiders say... More »

MORE ABOUT:
Barack Obama • John McCain • Warren Buffett • Henry Paulson • Treasury Department • Meg Whitman • Robert Rubin • Election 2008 • Treasury secretary • Timothy Geithner

OPINION

 Bailout Won't 
 Bail Out Bernanke 

Nation needs explanation of how it will help

Oct 6, 08 2:42 PM CDT
(Newser) - The economic bailout plan does nothing to address the "collapse in confidence" hammering the financial system, Christopher Carroll writes for the Financial Times. Using the example of the "Bank of Rome" in August, 79 AD, the Johns Hopkins economist argues that the plan makes as much... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • Henry Paulson • US economy • Treasury Department • Pompeii • bailout • Treasury secretary • financial crisis

analysis

 Paulson's Power Would Be 
 Unprecedented 

Some checks from Congress, but Treasury will hold the keys

Sep 29, 08 10:41 AM CDT
(Newser) - Though its passage remains uncertain, the bailout bill would make Henry Paulson the most powerful mortgage financier in history, Peter Gosselin writes in the Los Angeles Times. Paulson got nearly everything he asked for; restrictions supposedly reining him in are little more than window dressing. Additions like the Democrats’ housing-relief... More »

MORE ABOUT:
Henry Paulson • Treasury Department • bailout • Treasury secretary • financial crisis

ANALYSIS

Washington Wants to Know Who Replaces Hank

Successor for Treasury Secretary a major question in bailout debate

Sep 25, 08 11:43 AM CDT
(Newser) - With the Treasury Secretary looking to get $700 billion to spend on the bailout, Washington is starting to focus on who might replace Henry Paulson when a new administration takes over in January, the Post reports. Neither candidate has given in to requests for names, but speculation has centered on... More »

MORE ABOUT:
Henry Paulson • Michael Bloomberg • Treasury Department • John Thain • bailout • succession • Treasury secretary • Timothy Geithner

OPINION

 Paulson's 
 'Amazing 
 Power Grab' 

Financial equivalent of the Patriot Act steams through Congress

Sep 23, 08 8:19 AM CDT
(Newser) - Henry Paulson's Troubled Asset Relief Program is the “most amazing power grab in the history of the American economy,” writes Andrew Ross Sorkin in the New York Times, “the financial equivalent of the Patriot Act.” The initial draft of the bill circulating yesterday is not... More »

MORE ABOUT:
Henry Paulson • bailout • Treasury secretary • Troubled Asset Relief Program

ANALYSIS

Paulson's New Powers Put More Focus on Successor

Obama could keep Treasury chief; weak-on-economy McCain seen to have few options

Sep 22, 08 9:53 AM CDT
(Newser) - Henry Paulson’s handling of Wall Street’s financial crisis has consolidated so much power for the Treasury secretary that Barack Obama is considering keeping him on board if he wins the November election, the New York Times reports—and it’s heightened speculation about who might succeed him in... More »

MORE ABOUT:
Barack Obama • John McCain • Henry Paulson • bailout • Treasury secretary • financial crisis

41 - 59 of 59 Stories | << Prev 1 2 3


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