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Treasury Secretary Timothy Geithner says he believes it's reasonable to expect "positive job growth" by spring and that people should have confidence about an improving economic climate.
Treasury Secretary Timothy Geithner said Tuesday the Obama administration is confident it will prevent a repeat of last year's financial crisis, the worst to hit the country in seven decades.
Treasury Secretary Timothy Geithner affirmed Wednesday the administration's intent to soon end the $700 billion financial bailout program.
Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the soaring federal debt.
Treasury Secretary Timothy Geithner told Congress on Tuesday that efforts to strengthen the global financial system to prevent another deep crisis will falter if the United States drops the ball on overhauling regulation of its own banking system.
Treasury Secretary Timothy Geithner said Wednesday he's encouraged by efforts in Japan and China to spur domestic demand instead of relying so heavily on American consumers — a shift that will contribute to more stable global growth.
China must continue to work to boost domestic demand to avoid global imbalances in the flows of trade and investments between nations, a senior U.S. Treasury official said Tuesday.
Treasury Secretary Timothy Geithner (GYT'-nur) says the U.S. banking system is "dramatically more stable" because of the government bailout.
Treasury Secretary Timothy Geithner (GYT'-nur) says deficits are definitely too high, but the priorities right now are restoring economic growth and creating jobs.
Treasury Secretary Timothy Geithner acknowledges the federal budget deficit is too high, but that the priorities now are economic growth and job creation.
Treasury Secretary Timothy Geithner says the economic recovery "could be a little choppy" and it's going to take a while.
Treasury Secretary Timothy Geithner said he sees positive signs that the economy is recovering, although the recession remains "alive and acute" for families dealing with unemployment and facing home foreclosure.
Treasury Secretary Timothy Geithner said Thursday the economy is in the midst of a recovery that could be imperiled if the government's support systems are removed too quickly.
As the federal government propped up the housing market and braced for the collapse of General Motors this spring, Treasury Secretary Timothy Geithner capped a busy week with phone conversations with three men.
Treasury Secretary Timothy Geithner says the United States has a a special responsibility to preserve the role of the dollar as the world's primary reserve currency.
Treasury Secretary Timothy Geithner says the U.S. supports China's bid for greater voting rights in international organizations like the IMF and the World Bank for itself and other fast-growing economies despite European reservations.
Treasury Secretary Timothy Geithner says the United States has a lot of support from other Group of 20 nations to move toward more balanced global growth.
Treasury Secretary Timothy Geithner says he is seeing encouraging signs of a global economic rebound but the world still has a way to go to emerge from the severe recession.
Treasury Secretary Timothy Geithner said an emergency program that had guaranteed as much as $3 trillion in assets in money market mutual funds was being allowed to expire Friday.
Treasury Secretary Timothy Geithner acknowledged Tuesday the federal government had to take some "deeply offensive" steps to help the country get past the financial crisis a year ago.
Citing emerging financial sector stability, Treasury Secretary Timothy Geithner said Thursday that a number of government rescue efforts in place since the Wall Street crisis are no longer needed and that banks will repay $50 billion in rescue funds over the next 18 months.
Treasury Secretary Timothy Geithner said Wednesday that efforts by the United States and other nations to fight a worldwide economic crisis have been able to pull the global economy "back from the abyss."
Treasury Secretary Timothy Geithner says the U.S. must cut the annual federal budget deficit, now more than $1 trillion, for the economy to have a sustained recovery and he's not ruling out new taxes.
Treasury Secretary Timothy Geithner (GYT'-nur) says a smaller federal deficit is vital to sustaining an economic recovery. But Geithner isn't saying how exactly the Obama administration plans to achieve that.
Treasury Secretary Timothy Geithner (GYT'-nur) says the economy is expected to grow later this year and unemployment could ease in the second half of 2010.
Wealthcare. It now has a name, and it fits perfectly.
House Discussing Glass-Steagall RevivalThe U.S. House is considering reinstituting the Depression-era Glass-Steagall Act, which barred bank holding companies from owning other financial companies, Majority Leader Steny Hoyer said today. More Articles
Obama to Take Bankers to Task Over Lending, Reformsthe broader message from the White House, which has taken political heat for its support of the $700 billion financial bailout, will be that the taxpayer-funded rescue gives the banks an obligation to do more to help the economy. More Articles
Bank Reform Bill Passed by HouseThe House passed legislation Friday aimed at preventing the next big financial crisis, ushering in the most sweeping set of changes to the banking regulatory system since the New Deal. More Articles
U.S. Extends TARP Until October 2010 Treasury Secretary Timothy Geithner said the Obama administration would extend the $700 billion financial-sector bailout but limit new spending to such areas as housing and small business.
Year-End Audit Finds TARP Program EffectiveThe independent panel that oversees the government's financial bailout program concluded in a year-end review that, despite flaws and lingering problems, the program "can be credited with stopping an economic panic." More Articles
As a taxpayer, I am patiently awaiting response from the U.S. Treasury Secretary, Timothy Geithner and the New York Fed President /CEO, William Dudley, as to why they are no longer requiring AIG to pay U.S.
The Fed, China, the Dollar, and More Profits For BanksThis article explains the weak dollar, the power of China over the dollar, and how current Fed policy (almost 0% interest to banks) is a windfall for the banks--and explains why Geithner said the US wanted a strong dollar.
Grassley asks Treasury and NY Fed for Accounting of Developments in Bailout of AIGIn a letter sent to both Geithner and Dudley, Grassley asked for an assessment of how taxpayers get a better deal from holding AIG equity instead of debt, following yesterday's announcement by the New York Fed that AIG retired $25 billion of debt by providing the New York Fed wit …
Obama Tackles Jobless Woes, but Warns of Limited Funds ?Confronted with concern that his own ambitious agenda and the uncertain climate it has created among employers have slowed hiring, the president defended his policies. Mr.
Political Economy: Troubling Misconception In this winter of Washington's discontent, there may be no more acute symbol of the public's anger at its economic circumstances -- and no more obvious target of lawmakers' indulgence in that unhappiness -- than the Troubled Asset Relief Program.
Image consultants take on the the dirtiest word on Wall Street - bonus"Bonus" has become a dirty word on Wall Street, prompting image consultants to advise the biggest financial firms to use euphemisms that carry less stigma as the season of lavish payouts approaches.
Mortgage Crisis, Round 2The big picture is this. There is most probably a second wave of mortgage defaults in the immediate future as a result of Alt-A and Option-ARM resets. Yet our capacity to deal with these losses has already been strained by the first round that largely ended in March.
It has become glaringly apparent that we are in trouble. You can decide for yourself what the trouble is for you in your life. You can even deny that we are facing a bleak future if you wish. for me and mine, we have decided that it is time.
Political Theater of the Absurd Tragedy was the election in 2000 due to election fraud and the partisan, political interference of the U.S. Supreme Court that will forever tarnish that court.
How long does it take to drive from England to the US? Me: You can't drive. Him: Why? Is it more than 8 hours? Me: You cannot. There is a 'pond' between the US and the UK.
Obama Must Toss the Bums in Treasury Out, End the Wars, and Start Leading ...Having surrounded himself with the very Wall Street con men who set up the crooked game that led to the current financial crisis and economic collapse, and finding that the lousy advice they have been giving him since last January has left the country still mired in deepening …
Geithner, under fire, defends AIG bailoutA jump in the unemployment rate to above 10 percent has sparked complaints that Washington was quick to rescue Wall Street but ignored the plight of those who lost their jobs in a recession blamed partly on reckless lending.
Is Tim Geithner tough enough to handle America's banks? Remember the AIG bonus furore? It was mid-March, the global economy was in the depths of recession, and AIG – the insurer American International Group that once sponsored Manchester United – revealed that it was on the verge of paying $165m in bonuses to staff at the division …
Rep. DeFazio : Fire " Timmy Giethner.Rep. Peter DeFazio called for the firing of President Barack Obama's top two economic aides on Wednesday for pursuing a recovery plan skewed too heavily towards Wall Street's favor.
"There is not a single successful regulator giving him (President Obama) advice" William Black ( government lawyer in the 1980's, helped secure more than 1000 felony convictions resulting from the S&L scandal ) _______________________________________
Geithner: need stimulus, not financial transactions tax: Thomson Reuters Business News - MSN MoneyGeithner says that the US favors stimulus over financial transaction taxes, whereas Britain says that a transaction fee should be charged and the funds used for future bank failures and bail outs. Canada is supporting the US position at the G20.
Geithner "Burned Billions," Shafted Taxpayers on CIT Loan, Prof. Bill Black SaysRah rah rah..... Very much more of this "leadership" will send us all to the poorhouse.
Stiglitz Says U.S. Is Paying for Failure to Nationalize BanksNov. 2 (Bloomberg) -- Nobel Prize-winning economist Joseph Stiglitz said the world's biggest economy is suffering because of the U.S. government's failure to nationalize banks during the financial crisis.
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