Barack Obama, Treasury Secretary | featured news

White House chief of staff Jack Lew is President Barack Obama's expected pick to lead the Treasury Department, with an announcement possible before the end of the week.

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.

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

The secretary's decision not to leave means President Obama can avoid a Senate confirmation fight to fill the post during a time of financial turmoil. Treasury Secretary Timothy F. Geithner will not be stepping down, ending speculation that the key Obama administration advisor was preparing to resign.

The "Volcker Rule" is Obama's most visible break yet from Treasury secretary's reform philosophy.

Treasury Secretary Timothy Geithner says government will spend up to $100 billion to join private investors in buying up to $1 trillion in bad sub-prime mortgages, securities and other ailing assets.

The Obama administration today formally unveiled details of its long-awaited plan to help cleanse banks and financial institutions of bad home loans and toxic securities, making a calculated gamble that partnering with private investors to buy the assets will stabilize the crisis while limiting the