Timothy Geithner | featured news

President Obama is ready for difficult concessions to reach a deficit deal, but GOP lawmakers must first commit to higher tax rates on the rich and specify what additional spending cuts they want in a deal to avoid the looming "fiscal cliff," Treasury Secretary Timothy Geithner said.

Tim Geithner may soon leave the Treasury Department, but he is helping lead the "fiscal cliff" negotiations.

The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate... The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate.

Chen Guangcheng, the blind Chinese lawyer who fled his captors last week and sought U.S. protection, has been moved to a hospital in Beijing. The drama unfolded on the eve of Thursday?s start of two-day talks between senior Chinese and U.S. officials, including Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner.

Treasury Secretary Timothy Geithner pushed back on Mitt Romney's statements that women made up almost all jobs lost during the Obama presidency. "It's misleading and ridiculous," Geithner said on CBS News' "Face the Nation." "It's just a political moment." On the campaign trail, Romney attempted to turn the discussion to women and the economy, blaming President Obama for hurting women's checkbooks.

Treasury Secretary Timothy Geithner said on Wednesday that the United States was far behind on reforming the country's housing finance system where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans.

WASHINGTON (Reuters) - The Obama administration is weighing the circumstances that could warrant tapping the nation's strategic oil reserve, aware that supply disruptions from Iran could harm the global economy, Treasury Secretary Timothy Geithner said on Friday.

Treasury Secretary Timothy F. Geithner says he's "confident" he won't be serving a second term, even if President Obama is reelected.

Economic growth has gained some strength but remains too slow and would benefit from passage of a package of job proposals that congressional Republicans have blocked, Treasury Secretary Timothy Geithner said on Saturday.

Treasury Secretary Timothy Geithner -- and other White House officials -- are challenging a new book that slams President Obama's economic t ...