Treasury Secretary Tim Geithner predicted during a Wednesday interview with Bloomberg Television that a different financial overseer will be there to serve President Obama if he should win a second term. (more)
When California Democratic Rep. Nancy Pelosi was the Speaker of the House in 2009, President Barack Obama and congressional Democrats authorized $100 billion in spending as a line of credit for the International Monetary Fund to be used in times of emergency — funds that could now be used to bail out European banks. (more)
Ohio Republican Rep. Michael Turner is pushing for a congressional investigation into what he considers Treasury Secretary Timothy Geithner’s “conflicts of interest” during and after the government bailout of General Motors. (more)
Treasury Secretary Timothy Geithner didn’t dispute a Harvard economist’s estimate that each job in the White House’s jobs plan would cost $200,000, but said the pricetag is the wrong way to measure the bill’s worth. (more)
In a forum in Washington on Thursday, Treasury Secretary Timothy Geithner struck out at China’s lax intellectual property standards. Reuters reported that he told the forum the Chinese “have made possible systematic stealing of intellectual property of American companies and have not been very aggressive to put in place the basic protections for property rights that every serious economy needs over time.” (more)
As the fallout from Standard & Poor decision to downgrade the credit rating of the United States continues to settle in, Republican leaders are using the news as an opportunity to point out the failings of President Barack Obama and his administration’s economic policies. (more)
WASHINGTON (Dow Jones)–Treasury Secretary Timothy Geithner remains undecided about whether to remain in his post, but he’s under increased pressure from White House officials to stay, people familiar with the matter said Thursday. (more)
MF Global Holdings Ltd. (MF) plans to sell bonds with an interest rate that will rise if Chairman and Chief Executive Officer Jon Corzine receives a federal appointment from the U.S. president. (more)
Treasury Secretary Timothy Geithner, President Obama’s point man in the debt ceiling debate, revealed much during his interview with Chris Wallace on Fox News Sunday — but not on purpose. Geithner did his best to obfuscate the issues to support the party line, just as representatives of any administration are often forced to do — but he inadvertently made two things perfectly clear. The first is that President Obama’s overriding concern in this debate is his own re-election. The second and more interesting point is that there is an inherent logical contradiction between Obama’s debt ceiling position and his desire to revive our moribund economy. (more)
Lawmakers from Capitol Hill to the Oval Office are operating on the debt limit under a self-imposed and what some call a “soft” deadline. (more)
Treasury Secretary Tim Geithner has suggested he will be leaving the Obama administration once a deal on the debt limit is reached, according to Bloomberg News. (more)
Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter. (more)
WASHINGTON (AP) — French Finance Minister Christine Lagarde was chosen Tuesday to lead the International Monetary Organization and will immediately confront a European debt crisis that threatens the global economy. (more)
It does not matter how sensitive he is, even a liberal man can trip over his politically correct words and come around the bend looking cavemanesque. (more)
Treasury Secretary Timothy Geithner boldly predicted that Congress will vote to raise the debt ceiling next month, warning that failure to do so would bring “catastrophic” consequences for the U.S. and global economies. (more)
WASHINGTON (AP) — House Republicans said Wednesday that a new government agency designed to protect consumers from problems with mortgages, credit cards and other lenders has too much power. They also criticized it for participating in a federal-state effort to force mortgage servicers to change the way they foreclose on troubled homeowners. (more)
Social Security reform is splitting President Obama’s economic and political advisers. (more)
Under current projections, the U.S. Treasury will hit its statutory debt ceiling before summer. This provides the chance for newly elected Tea Party-backed legislators to show they are serious about rolling back Obama’s agenda. The only method to force politicians to make tough budget cuts is to take away the credit card. Congress should refuse to raise the Treasury’s debt ceiling. (more)
Republican Reps. Mike Turner of Ohio and Dan Burton of Indiana are asking House Oversight Committee Chairman Darrell Issa, California Republican, to dig into the Obama administration’s decision to cut more than 20,000 private-sector workers’ pensions and eliminate their health and life insurance plans during the General Motors (GM) bailout in 2009. (more)
A beleaguered business deal in Taiwan has some financial analysts wondering whether bailed-out insurance giant American International Group (AIG) even cares about paying back the $20 billion it owes taxpayers. (more)
























