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Senate confirms Lew as next Treasury Secretary

The Senate has confirmed Jack Lew, a former budget director and chief of staff to the president, as the next Secretary of the Treasury. The vote was 71 to 26.

 

Geithner Issues Warning on Debt Ceiling

Treasury Secretary Timothy Geithner warned in a letter to Congress that failure to raise the $14.294 trillion debt ceiling would drive up interest rates, push down household wealth, put more pressure on federal entitlement programs and cause a double-dip recession.

 

Geithner wants housing finance overhaul bill in 2 years

Treasury Secretary Timothy Geithner is telling Congress that the Obama administration wants Congress to approve legislation overhauling Fannie ...

 

Geithner says U.S. could hit debt limit by March 31

The United States could hit the legal limit on its ability to borrow as soon as March 31 and faces serious consequences unless Congress acts by then to raise it, Treasury Secretary Timothy Geithner said on Thursday.

 

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