November 21st, 2008
04:38 PM ET
14 years ago

Geithner 'on track' to being offered critical Treasury post

(CNN) - Two sources close to the transition say that New York Federal Reserve President Timothy Geithner is “on track” to being offered the nomination for Treasury Secretary. The announcement will happen within days, possibly Monday, potentially with another member or members of the Obama economic team as well.

soundoff (50 Responses)
  1. Tex Ann ~~~~~~~

    Geithner appears to be a pretty smart guy, so hopefully he can help get things back on track with the economy.
    I know I appreciated the announcement today– I recovered a little of the losses I've encountered this week.... still a LONG way to go though.

    November 21, 2008 06:04 pm at 6:04 pm |
  2. Dawn

    Thank the Lord he was picked. Now let's pray the market will stablized or just drop minimally.
    President- Elect is all reay serving our country.

    November 21, 2008 06:09 pm at 6:09 pm |
  3. mk

    gee "earle,florida" we need more optimism from people like you.
    Sheeeeeeeeeeesh..misery really does love company doesn't it.
    WHy don'tcha go take a nap.

    November 21, 2008 06:16 pm at 6:16 pm |
  4. Charles from Atlanta

    It is about time!!!

    November 21, 2008 06:20 pm at 6:20 pm |
  5. AIPAC control over washington is complete now!

    the CHANGE has come to washington!


    November 21, 2008 06:22 pm at 6:22 pm |
  6. renee

    Well well Earl from FL, is it because you wanted the job? idiot!!!!!

    November 21, 2008 06:41 pm at 6:41 pm |
  7. vic

    I hope this man is as smart as I think he is.
    We need a strong treasury secretary to cleam up this mess.
    I am truly worried about our country – everything is a mess and will get worse before Bush leaves.

    November 21, 2008 06:45 pm at 6:45 pm |
  8. AIPAC has just completed its control on washington!

    the CHANGE has come to town!


    November 21, 2008 06:46 pm at 6:46 pm |
  9. Griff

    Mr Cafferty! The World is full of Dirt.... Dirt grows Food...
    Transport is the Problem... Why buy anything from the USA..

    November 21, 2008 06:58 pm at 6:58 pm |
  10. chris from STL

    Thanks a bunch Pres elect Obama. Great choice. The market liked your choice.

    November 21, 2008 07:08 pm at 7:08 pm |
  11. Texas Teacher

    Oh, shut up, earle, florida! 🙂 Obama is choosing the BEST of the BEST! AND YES, a lot of them were and are close to the Clintons! What did you expect that he would just pluck his good buddies off the streets like your man Bush did? Obama is way too SMART for that! He has a plan to clean up the Republican mess! GET USED to it! You lost! Seriously!

    November 21, 2008 07:28 pm at 7:28 pm |
  12. Jen, Cali

    vic November 21st, 2008 6:45 pm ET
    I hope this man is as smart as I think he is. . . .

    Vic, please explain why you think he's as smart as you think he is. Thank you so much !!!!!!!!!!
    Eagerly awaiting your reply.

    November 21, 2008 07:56 pm at 7:56 pm |
  13. Jen, Cali

    Dawn November 21st, 2008 6:09 pm ET
    President- Elect is all reay serving our country.

    Huh? I didn't quite get what you were saying. Would you please repeat that. Thank you so much. Eagerly awaiting your reply.

    November 21, 2008 07:59 pm at 7:59 pm |
  14. bill for barack

    It sure seemed to help the stock market today – up almost 450 points just on the announcement.

    November 21, 2008 08:09 pm at 8:09 pm |
  15. Annjell

    Awesome choice, Obama will need the best when he finally steps into the oval office.

    Today, all the political news pundits kept asking the question, "why won't Obama do anything about the markets, auto industry?" I feel this is unfair talking points. For one, we have a sitting president. If everyone wants something done now before he steps into office, then first, the pres must step down, or maybe congress should submit articles of impeachment, I'm not sure if censure would do – until then there's nothing the president-elect can do.

    November 21, 2008 08:16 pm at 8:16 pm |
  16. Frank, Dayton, Ohio

    He sounds like a good choice, but in the words of Ronald Reagan, "there you go again!" Why does this have to be leaked out by "two sources close to transition" rather than the president-elect or an official, named representative of the president-elect? By my count, there are no official members-designate of the Obama cabinet.

    November 21, 2008 08:22 pm at 8:22 pm |
  17. KofTX

    Great Pick! We need some fresh ideas in that cabinet position

    November 21, 2008 08:39 pm at 8:39 pm |
  18. pam Eugene OR

    The market liked this choice! Well maybe some Florida redneck didn't huh Earle.
    I doubt he has 2 cents to put in the market. Earle is most likely listening to Hannity, O'Riley and Limbaugh who are calling this the Obama recession. God lord...he does not even take office for almost 2 months.
    If it was not so far fetched I would find it funny. There are lots of Earle loons out there that actually believe the crap these right wing wack jobs feed them.
    Enjoy the current situation brought to you by George W Bush. How are you liking him now Earle?

    November 21, 2008 08:39 pm at 8:39 pm |
  19. Pat in IL

    To earle,'s a good thing that Paulson "works well with this guy" because if he didn't, the transition would be a huge mess. I'm sorry you aren't optimistic about today's stock rally, but I'll start sleeping a little better. If Monday is horrible, then so be it, but I'll take today's news as good and hopeful news.

    November 21, 2008 08:39 pm at 8:39 pm |
  20. TFJ

    President of the FRBNY, eh? I like it, I like it a lot.

    No sarcasm here.

    November 21, 2008 09:01 pm at 9:01 pm |
  21. Jon

    Alaska is a beautiful state.
    Worth planning your next summer travel for.

    November 21, 2008 09:18 pm at 9:18 pm |
  22. David

    From a mangement perspective Obama continues to do just the right thing. The change comes not from having outsiders who are yes people (thats what Bush did) but by having smart people who like being in the lime light and like to be seen succeeding. Who thrive on shining in the spotlight. It makes them work very hard for success. People like this are hard to manage but when you are successful the results can be fantastic. When you think about it Obama has experience doing just this. He was president of the Harvard Law Review. Think about the egos he had to balance when he made decisions about who's work would be published in such an esteemed publication. Those are the same skills used in selecting a team of powerful and smart people who want to make their mark. Again from a management view difficult to pull off but when it works the results that can be obtained are fantastic.

    November 21, 2008 09:22 pm at 9:22 pm |
  23. Fla. Voter

    President-elect Obama is making smart, pragmatic choices. After the prospective announcement of Geithner, the Dow went up substantially in the final hour of trading.

    November 21, 2008 09:35 pm at 9:35 pm |
  24. Blue balloons

    Wall Street gurus seem to think this is a great pick, so it's a great pick. The Economy is top priority right now, and Geithner fits the bill, not this whacko Paulson who is Treas. Sec. now. Our economy has been gutted, it's time to come together and re-build it. Change is coming.

    November 21, 2008 09:41 pm at 9:41 pm |
  25. JNC, California

    President-Elect do what you need to do, put COUNTRY first!!!!! Rock on!!! AN ALLSTAR TEAM!!! That's how we will begin to fix this country!!!

    November 22, 2008 12:53 am at 12:53 am |
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