FILE: Timothy Geithner tells U.S. President Barack Obama he plans to stay on as Treasury Secretary
Record ID:
721413
FILE: Timothy Geithner tells U.S. President Barack Obama he plans to stay on as Treasury Secretary
- Title: FILE: Timothy Geithner tells U.S. President Barack Obama he plans to stay on as Treasury Secretary
- Date: 8th August 2011
- Summary: WASHINGTON, D.C., UNITED STATES (FILE - MAY 09, 2011) (REUTERS) U.S. TREASURY SECRETARY TIMOTHY GEITHNER SEATED WITH CHINESE VICE PREMIER WANG QISHAN GEITHNER ADDRESSING MEDIA
- Embargoed: 23rd August 2011 13:00
- Keywords:
- Location: Usa
- Country: USA
- Topics: Economy,Domestic Politics
- Reuters ID: LVA1EYKRWIWKCK3B94JS4S9W384Q
- Story Text: U.S. Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, will remain at his post at President Barack Obama's request, the administration said on Sunday (August 7).
Geithner had indicated he might leave after a debt-limit increase was approved, but administration officials indicated that both Obama and the White House chief of staff had urged Geithner not to leave.
Geithner, the last of Obama's original economic team to remain in office, is experienced at navigating economic storms.
When he took office in January 2009, the economy was in deep recession after the U.S. housing market collapse and ensuing credit crunch. In his previous job as president of the New York Federal Reserve, he played a central role in the government's response to those crises. - Copyright Holder: FILE REUTERS (CAN SELL)
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