Geithner says he’ll stay for ‘foreseeable future’

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CHICAGO (AP) — Treasury Secretary Timothy Geithner says he’s staying put at the Treasury Department for the “foreseeable future,” addressing speculation he might leave the Obama administration following the current round of budget negotiations.

He made the remarks Thursday when asked about his plans by former President Bill Clinton onstage at a meeting of the Clinton Global Initiative.

Geithner acknowledged interest in his plans, noting that he’d been commuting back and forth from New York and had a son who was going to be finishing high school there.

Earlier Thursday, a person familiar with his thinking told The Associated Press that Geithner saw an opening to potentially leave once a deal was reached on raising the nation’s borrowing limit. But the source emphasized no decisions had been made.

Tags : economy