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Treasury pick vows to kick-start economy

Source: The Daily Telegraph

Washington : DC : USA | 10 months ago

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Timothy Geithner vowed today to act with "strength, speed and care" to get the stricken US economy moving again. At his Senate confirmation hearing, President Barack Obama's pick to oversee the US economy made no mention of his past tax transgressions, which finance committee chairman...

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Geithner Plays Favorites

By: StuDio

Quiet concerns are circulating in Washington that the U.S. Secretary of the Treasury Timothy Geithner authorized purchase of assets from several financial institutions at 100% of their market value rather than the anticipated discounted prices. Reports have surfaced that Geithner approved payments to, among others, Wachovia and Goldman ...

17 days ago
Peter DeFazio: President Obama is Being Failed by His Economic Team

By: steph10

President Barack Obama “is being failed by his economic team” and should replace Treasury Secretary Tim Geithner and White House Economic Policy Director Larry Summers, says US House Representative Peter DeFazio, The Raw Story reports. The well-known member of the Congressional Progressive Caucus told MSNBC’s The Ed Show that he ...

13 days ago
Learn to live within your means, Geithner advises US

By: graffiti1982

US Treasury Secretary Timothy Geithner says that the United States must learn to save money to be able to avoid another recession that has greatly affected the global economy. The US dollar status can be maintained if the US learns to live within its means. It has a deficit of $1.4 trillion as of September ...

about 1 month ago
Timothy Geithner: FED must be stripped of its AIG-like bailout powers

By: myVox

Would you like the hard earned taxpayer's money be put in a bottomless bowl in the name of bailing out a bleeding financial firm? The like that the US Federal Reserve put in the case of financial behemoths Bear Stearns and AIG? Or, Ctibank if you like. Check the image above! Now, after inflicting all the damage that can ever be done the ...

about 1 month ago
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News Stories

Geithner defends stimulus aid to states

News Source: United Press International | 10 months ago

Treasury Secretary-designate Timothy Geithner Wednesday defended proposals to send economic stimulus funds to states for use in plugging budget deficits...Sen. John Kyl , R-Ariz., during his confirmation hearing before the Senate Finance Committee,...
Treasury Secretary Nominee Urges Changes to Current Bailout Plan

News Source: Washington Post | 10 months ago

The tragic history of financial crises is a history of failures by governments to act with the speed and force commensurate with the severity of the crisis," said Geithner, who as New York Federal Reserve president was intimately involved in the Bush...
Geithner Promises TARP Overhaul, Regulatory Changes to Solve “Mother of ...

News Source: Money Morning | 10 months ago

Testifying after former Fed Chairman Paul Volcker, Geithner told the committee the United States is facing “ the mother of all financial crises .” Geithner also urged Congress to quickly pass a robust stimulus plan, Bloomberg News reported. “If...
Obama Treasury Secretary Nominee Heads Towards Confirmation

News Source: Voice of America | 10 months ago

Treasury Secretary headed towards Senate confirmation as the finance committee turned aside concerns about the nominee's failure to pay federal taxes when he was living overseas. Timothy Geithner apologized for being careless in making...
Tim Geithner apologies for tax gaffe

News Source: Times Online | 10 months ago

Tim Geithner, the man whom Barack Obama has chosen as his Treasury Secretary, has apologised to senators for failing to pay $34,000 in tax dating back to 2001...Wall Street had cheered Obama’s choice when it was first announced, but the nomination...
Bunning has reservations about Treasury nominee

News Source: Lexington Herald-Leader | 10 months ago

Kentucky Sen. Jim Bunning expressed serious concerns Wednesday about President Barack Obama's pick for Treasury secretary, saying the nominee's failure to pay taxes earlier this decade was hard to explain to constituents. Bunning, back in Washington...