Barack Obama, 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.

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

A new book claims that the Obama White House is a boys’ club marred by rampant infighting that has hindered the administration’s economic policy, and left top female advisers feeling excluded from key conversations. “Confidence Men: Wall Street, Washington, and the Education of a President,” by journalist Ron Suskind due out next Tuesday, details the rivalries among Obama’s top economic advisors, Larry Summers, former chairman of the National Economic Council, and Treasury secretary, Timothy F. Geithner. It describes constant second-guessing by Summers, now at Harvard, who was seen by others as “imperious and heavy-handed” in his decision-making.

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 U.S. government's role in housing finance should undergo "fundamental change," but it should still provide some guarantees in the mortgage market, Treasury Secretary Timothy Geithner said on Tuesday.

Treasury Secretary Tim Geithner says Congress can recoup "outrageous" bonuses for AIG employees through a new bank fee in President Barack Obama's proposed budget.

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

President Obama on Monday moved to fill three top jobs at the Treasury Department to help Secretary Tim Geithner manage the federal bureaucracy charged with helping the nation's struggling economy.

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

President Barack Obama on Saturday stepped up his weeklong defense of much-criticized Treasury Secretary Timothy Geithner, saying he would not accept his resignation even if it was tendered.