NEW YORK (CNNMoney) - Treasury Secretary Tim Geithner is staying put, the Obama administration announced Sunday.
"Secretary Geithner has let the president know that he plans to stay on in his position at Treasury," a Treasury spokeswoman said in a statement.FULL STORY
Washington (CNN) – Amid calls by the GOP for Treasury Secretary Timothy Geithner’s resignation, one Republican is offering an unorthodox choice for a potential replacement.
“Ask Donald Trump to be Treasury secretary,” Mike Huckabee said on Fox News Channel.
WASHINGTON (CNN) - The White House made clear Tuesday that August 2 remains the deadline for Congress to extend the federal debt ceiling, with Press Secretary Jay Carney telling reporters "beyond that date, we lose our capacity to borrow."
Treasury Secretary Tim Geithner "has exercised all the wiggle room available to him" to extend the ability of the government to pay its bills since the nation hit its debt limit in May, Carney said.
Washington (CNN) - Congress must reach a deal now to raise the federal debt ceiling through 2012 because "you don't want politics messing around with America's faith and credit," Treasury Secretary Tim Geithner told CNN on Sunday.
"The most important thing is that we remove this threat of default from the country for the next 18 months," Geithner said in an interview with CNN's "State of the Union" program. "You want to take this out of politics.FULL STORY
Washington (CNNMoney) - Treasury Secretary Tim Geithner said Tuesday that he wants a deal to raise the debt ceiling and cut the budget by the end of this week - or next week at the latest - to give Congress enough time to turn the deal into law.
"We know we don't have a lot of time, and we want to wrap up the broad outlines of the agreement by the end of this week, certainly by the end of next week," Geithner said at the Women in Finance Symposium at the Treasury Department.FULL STORY
(CNN) - Treasury Secretary Timothy Geithner said Sunday that those who oppose raising the U.S. debt ceiling under any circumstance are just playing politics.
"It's a political moment, people are trying to get attention, they say really amazing things," Geithner told the CBS program "Face the Nation." "But there's no credible argument, no responsible leader would say the United States of America, for the first time in its history, should not pay its bills or meet its obligations."
NEW YORK (CNNMoney) - Timothy Geithner said Thursday that he plans to stay on as Treasury Secretary for the foreseeable future. But that hasn't stopped speculation about who might take his place later this year.
Sources told CNN and other news outlets Thursday that Geithner is considering leaving the Obama administration later this year, once negotiations on raising the government's debt ceiling and cutting the budget deficit are complete.FULL STORY
NEW YORK (CNNMoney) - Tim Geithner is considering leaving his post as Secretary of the Treasury after a deal to raise the debt ceiling is reached, a source familiar with the discussion told CNN Thursday.
Geithner is the lone remaining member of President Obama's original economic team.FULL STORY
Capitol Hill (CNN) - How exactly is the Treasury Department keeping the U.S. going, after the country has hit the national debt limit? A debt limit means no additional net borrowing - at a time when the federal government pays roughly 40% of its bills precisely through borrowing.
Treasury Secretary Tim Geithner calls the answer "extraordinary measures". Financial juggling is another way to say it.
This week, American Sauce lays out exactly what the Treasury is doing to limbo under the debt limit and buy Congress about two months of time to find an answer.
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NEW YORK (CNNMoney) - It's official: The U.S. government hit the debt ceiling on Monday, Treasury Secretary Timothy Geithner told Congress.
Geithner said he would have to suspend investments in federal retirement funds until Aug. 2 in order to create room for the government to continue borrowing in the debt markets.FULL STORY