One day after Goldman Sachs' CEO apologized for his bank's role in the financial meltdown, Treasury Secretary Tim Geithner called on the nation's financiers to step up and do more to fix the damage they helped cause.
Economic growth and job creation remain the government's top priority, despite a federal deficit that is "too high," Treasury Secretary Timothy Geithner said in an interview broadcast Sunday.
Treasury Secretary Timothy Geithner said Tuesday he expects a wave of banks to return government bailout money to taxpayers soon.
In the thick of the crisis a year ago, Treasury Secretary Tim Geithner played a key role as chief of the New York Fed. Fortune managing editor Andy Serwer, Washington editor Nina Easton, and senior editor at large Allan Sloan interviewed Geithner recently over breakfast at the Treasury. Edited excerpts:
Treasury Secretary Tim Geithner is struggling to unload his million-dollar manse located in a posh New York City suburb. And like so many other Americans, he'll probably lose money on it when he does.
The White House shot down concerns Monday that middle-class families may face a tax increase in order to combat rising deficits and a struggling economy.
The U.S. economy is no longer on the edge of collapse, but Americans face tough choices in reducing the national deficit, Treasury Secretary Timothy Geithner said Sunday.
The Obama Administration has given itself two months to tell Congress what new legislation is needed to control over-the-counter derivatives, and testimony by Secretary of the Treasury Timothy Geithner late last week indicated how incredibly difficult the job of writing a law is going to be.
Treasury Secretary Timothy Geithner testified before lawmakers Thursday, defending a sweeping set of proposals put forth just a day earlier by President Obama aimed at overhauling the nation's financial system.
The stock market's rally serves as "broad validation" of the Obama administration's financial rescue efforts, Treasury Secretary Tim Geithner said Monday.
One day after Goldman Sachs' CEO apologized for his bank's role in the financial meltdown, Treasury Secretary Tim Geithner called on the nation's financiers to step up and do more to fix the damage they helped cause.
Economic growth and job creation remain the government's top priority, despite a federal deficit that is "too high," Treasury Secretary Timothy Geithner said in an interview broadcast Sunday.
Treasury Secretary Timothy Geithner said Tuesday he expects a wave of banks to return government bailout money to taxpayers soon.
In the thick of the crisis a year ago, Treasury Secretary Tim Geithner played a key role as chief of the New York Fed. Fortune managing editor Andy Serwer, Washington editor Nina Easton, and senior editor at large Allan Sloan interviewed Geithner recently over breakfast at the Treasury. Edited excerpts:
Treasury Secretary Tim Geithner is struggling to unload his million-dollar manse located in a posh New York City suburb. And like so many other Americans, he'll probably lose money on it when he does.
The White House shot down concerns Monday that middle-class families may face a tax increase in order to combat rising deficits and a struggling economy.
The U.S. economy is no longer on the edge of collapse, but Americans face tough choices in reducing the national deficit, Treasury Secretary Timothy Geithner said Sunday.
The Obama Administration has given itself two months to tell Congress what new legislation is needed to control over-the-counter derivatives, and testimony by Secretary of the Treasury Timothy Geithner late last week indicated how incredibly difficult the job of writing a law is going to be.
Treasury Secretary Timothy Geithner testified before lawmakers Thursday, defending a sweeping set of proposals put forth just a day earlier by President Obama aimed at overhauling the nation's financial system.
The stock market's rally serves as "broad validation" of the Obama administration's financial rescue efforts, Treasury Secretary Tim Geithner said Monday.
Don't expect TARP-free banks to unleash a torrent of loans to cash-strapped consumers.
When the Treasury Secretary met with leaders in Beijing to offer assurances that the U.S. can repay its debts, he received a somewhat sympathetic ear.
Government debt prices traded in a tight range Tuesday ahead of the Federal Reserve's next two purchase operations.
Treasury Secretary Tim Geithner is set to meet with several high-ranking members of the Chinese leadership this week, marking the Obama administration's first major overture to the powerhouse nation.
Some lawmakers are questioning whether the Treasury Department has the power to recycle returned bailout dollars to fund new or expanded rescues for auto companies, life insurers and small banks.
Banks that underwent stress tests earlier this month have set out raise $56 billion to plug holes in their books caused by big losses, Treasury Secretary Tim Geithner told a Senate panel on Wednesday.
Treasury Secretary Tim Geithner set plans Wednesday to rein in the wild and wooly derivatives markets.
With bank stress tests out of the way, the Obama administration has turned its focus to reshaping how the government oversees financial institutions and could potentially push to consolidate regulators.
Wall Street was set for a higher open Thursday after Treasury Secretary Tim Geithner offered reassuring comments about U.S. banks and the government reported a 3-month low in jobless claims.
Treasury Secretary Tim Geithner said Thursday the stress tests of the nation's biggest financial services companies will help bring capital into the financial system by lifting the "fog of uncertainty" over the banking sector.
The severe decay in the global economy is easing but serious problems still loom, Treasury Secretary Tim Geithner said Friday.
Stocks abandoned gains Wednesday, with the Dow ending a choppy session lower, as investors pled exhaustion after the recent six-week advance.
Treasury Secretary Tim Geithner, speaking Wednesday ahead of a meeting of international finance officials, said economies around the world need to work together to lay the ground work for a sound future.
Treasurys fell Tuesday, giving back earlier gains, as investors chased higher returns in the stock market.
A bailout oversight committee on Tuesday asked Treasury Secretary Tim Geithner to explain the agency's handling of the controversial $700 billion bailout program.
Treasury Secretary Tim Geithner will host a meeting of international finance ministers next week, the Treasury Department said Monday.
In the wake of an Obama administration program to rescue troubled homeowners, several federal agencies are teaming up to fight mortgage and foreclosure scams, Treasury Secretary Tim Geithner said Monday.
CNN's Anderson Cooper spoke Thursday with Treasury Secretary Timothy Geithner at the G-20 economic summit in London, England.
Where Tim Geithner sees a confluence of public and private interests, some people see a torrent of potential abuse.
The House of Representatives voted Wednesday to give the Treasury Department the power to ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.
The House of Representatives voted Wednesday to give the Treasury Department the power to ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.
The Treasury Secretary of the United States always makes his mark on the economy: you can see his signature on the bottom corner of every dollar bill.
Treasury Secretary Tim Geithner called for new rules Thursday that would allow regulators to police the darkest corners of the financial markets, including big hedge funds and derivatives trading.
Wall Street moved higher Thursday morning, as investors welcomed better-than-expected earnings from Best Buy and looked to Washington, where Treasury Secretary Tim Geithner was speaking on regulatory reform.
Treasury Secretary Tim Geithner returns to Capitol Hill on Thursday and is expected to reveal a much anticipated list of Obama administration priorities for preventing future financial collapses.
The dollar was mixed against major currencies at the end of a day of choppy trade punctuated by comments from the Treasury secretary of the United States.
Treasury Secretary Tim Geithner said Wednesday that increased regulation of financial institutions is a critical component of the nation's recovery.
Treasury Secretary Tim Geithner proposed tough new rules Tuesday, saying they could prevent another AIG debacle.
The officials managing the bailout of AIG, facing an onslaught of questions from angry lawmakers Tuesday, said the government had no choice but to effectively seize control of the troubled insurer last September and asked for more power to prevent a similar collapse in the future.
As Treasury Secretary Timothy Geithner's reputation rose from the ash heap on Wall Street yesterday, he also made headway with harsh critics in his other important audience - Congress. "This could be the beginning of a very constructive improvement in capital flows," Georgia Senator Johnny Isakson told Fortune.
Treasury Secretary Tim Geithner will push for unprecedented new regulatory powers on Tuesday to seize financial institutions whose failure would pose serious risks to the U.S. financial system, according to two senior administration officials.
Remember that $700 billion financial sector rescue plan from October? It's all but spoken for.
Slouching alone at the head table before a room of business reporters today, Treasury Secretary Tim Geithner looked like an overgrown prep school student facing the expulsion board. It wasn't what he said, but his demeanor as he said it.
If Treasury Secretary Tim Geithner is hoping to find strong bipartisan congressional support for his long-awaited troubled-asset bank relief plan, it appears he'll need to keep looking.
Investors have embraced Tim Geithner's toxic asset plan. The question now is whether the banks will go along too.
Tim Geithner went from zero to hero in a matter of just a few days.
Oil prices rose Monday to a nearly 4-month high after Treasury Secretary Timothy Geithner unveiled the details of a government plan to buy up banks' bad assets.
The next week -- the last full week in the quarter -- promises to be a critical one for investors looking for reasons to either resurrect the stalled rally or retreat even further.
Treasury Secretary Tim Geithner sat alone at the witness table answering questions and getting an earful from a panel of senators.
Treasury Secretary Timothy Geithner says he didn't know "the full scale" of AIG's retention bonuses until March 10, but it wasn't because anybody was trying to keep the $165 million payments secret.
Arrogance. Incompetence. Greed.
Treasury Secretary Tim Geithner told CNN Thursday that his department, concerned that language about bonuses would not hold up to a court challenge, asked Sen. Chris Dodd to include an executive pay provision in the stimulus bill. The loophole allowed bailed-out insurance giant American International Group to pay out $165 million in bonuses.
Treasury Secretary Timothy Geithner confirmed Thursday that the department did talk to Sen. Chris Dodd about a clause he put forth in the stimulus legislation that would have strictly limited executive bonuses.
With the U.S. economy sputtering and controversy over AIG bonuses boiling, Treasury Secretary Timothy Geithner has been in the spotlight lately.
The man who was a symbol of Barack Obama's moderation might become a symbol of the new president's struggle with competence.
AIG CEO Edward Liddy, testifying before Congress Wednesday, addressed one of the key questions surrounding the controversy over $165 million in executive bonuses at his company: When did government officials first learn of them?
Insurance giant AIG will have to return to the Treasury Department the $165 million it just paid out in executive bonuses, Treasury Secretary Timothy Geithner said Tuesday in a letter to congressional leaders.
We caught glimpses of the many problems plaguing Treasury Secretary Tim Geithner and his bank rescue plan yesterday when his team suffered another in a string of withdrawals from top department positions and Geithner acknowledged in congressional testimony that his plan's price tag would top $1 trillion.
A leading contender to serve as the top deputy to Treasury Secretary Timothy Geithner is no longer under consideration for the post, as 17 top jobs at the department remain unfilled in the middle of the financial crisis.
A leading contender to serve as the top deputy to Treasury Secretary Timothy Geithner is no longer under consideration for the post, as 17 top jobs at the department remain unfilled in the middle of the financial crisis.
It looks like Tim Geithner's stress test for banks is only adding to the stress in the financial sector.
The finance sector suffered on Tuesday, as investors continued to lose confidence in the struggling banks and worried about the haziness in Treasury Secretary Tim Geithner's bailout plan.
President Obama's key economic advisers are all highly experienced, intelligent and thoughtful people - and Tim Geithner certainly figures prominently in that group. Still, the outline of the bank rescue plan he announced last week was viewed as underwhelming and quickly attracted a fair amount of criticism. The disappointment with what Geithner had to say stemmed not only from a lack of important specifics but also a sense that its scope did not go far enough to confront a crisis of major proportions: a banking system that has been paralyzed for six months now.
The Obama administration has promised to fix big financial firms with a helping of "tough love." But even stronger medicine -- such as breaking up troubled banks and starting new ones -- may be necessary.
Tim Geithner may go down in history as the man who does most to spur vulture investing - provided he manages to get his public/private investment fund airborne.
A day after unveiling his new financial rescue plan, Treasury Secretary Tim Geithner again went before Congress to defend it.
The Obama administration finally unveiled its plans to fix the ailing banking industry Tuesday. Too bad Wall Street hated it.
Treasury Secretary Tim Geithner on Tuesday unveiled a four-part bank rescue plan -- and two of those parts will achieve puny results at an epic cost to taxpayers.
The federal government's bank bailout just got a lot more complicated.
Treasury prices jumped Tuesday as investors looked past the massive rescue packages being pushed around Washington to the staggering economy commanding them.
Treasury Secretary Tim Geithner failed Tuesday to persuade Wall Street that he will succeed where his predecessor Henry Paulson failed.
Treasury Secretary Tim Geithner sketched out the broad strokes of the latest government attempt to stabilize the financial sector Tuesday morning.
The Obama administration's long-anticipated overhaul of the banking bailout is finally near.
Fixing the banks is only the start.
The "massive overhaul" of the banking bailout will be announced a day later than expected.
The Obama administration is about to face its first significant financial test.
Tim Geithner's tax problems have made for an interesting sideshow. But the real question about our new Treasury secretary isn't his foolishness (or sloppiness) in failing to pay some of his taxes until after President Obama's folks knocked on his door. It's whether he'll have the juice - and moral standing - to fill his most important role: reassuring the public and the financial markets that someone in charge in Washington knows what he's doing.
Stocks turned mixed after a report showing consumer confidence fell to a record low overshadowed any relief about the Senate's confirmation of Timothy Geithner as the new Treasury secretary.
Senate lawmakers voted Monday to confirm Tim Geithner as the next Treasury secretary amid ongoing uncertainty about the nation's economic future.
A Senate panel recommended that the full Senate confirm Tim Geithner as the next Treasury secretary.
Stocks rallied Wednesday, recovering most of the previous session's losses, as investors welcomed IBM's earnings and scooped up bank shares hit hard in the recent retreat.
Treasury Secretary-designate Tim Geithner called for bold action to blunt the economic downturn and promised to tighten the terms for companies getting federal financial help.
Taxes aren't the only question facing Tim Geithner.
President-elect Barack Obama defended his Treasury Secretary-designate Tim Geithner on Wednesday amid reports that Geithner failed to pay the correct amount on his taxes for a time and employed a housekeeper whose work authorization had expired.
Those lobbying for simplification of the tax system now have a high-profile Exhibit A for their war on IRS complexity: Timothy Geithner, the Treasury Secretary nominee who has landed in hot water for failing to pay taxes he says he didn't realize he owed. It's a situation experts say is surprisingly common. For the self-employed and others with nontraditional jobs, tallying up an accurate tax bill can be a tricky task.
So much for a smooth confirmation hearing for Timothy Geithner.
Members of the Senate Finance Committee met Tuesday with treasury secretary nominee Tim Geithner over concerns involving his personal taxes and the immigration status of a former housekeeper, transition officials said.
Members of the Senate Finance Committee met Tuesday with Treasury Secretary nominee Tim Geithner over concerns involving his personal taxes and the immigration status of a former housekeeper, transition officials said.
Don't expect Tim Geithner to set any records when it comes to doling out the rest of the Treasury's bailout fund.
When the Dow rocketed 494 points last Friday, it was easy to point to the man responsible. It was the brainy New York Federal Reserve chief, Timothy Geithner.
Betting against bank stocks may soon become much riskier.
What does the likely choice of New York Federal Reserve chief Timothy Geithner as his Treasury Secretary say about our President-elect? Simple: He believes in change, just not too much of it.
President-elect Barack Obama's potential Cabinet is beginning to take shape, as transition team aides say he is closing in on nominations for some of the posts.
Stocks rallied Friday, with the Dow industrials closing up 494 points after reports surfaced that President-elect Barack Obama will nominate New York Federal Bank President Timothy Geithner as his new Treasury secretary.
President-elect Barack Obama is expected to nominate New York Federal Reserve President Timothy Geithner for Treasury Secretary.
| Most Viewed | Most Emailed | Top Searches |
© 2009 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
