iOS app Android app

Tim Geithner

High Noon on Wall Street

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

This is the administration's chance to stand with fighters like Elizabeth Warren, both in its words and in its deeds. Some well-targeted prosecutions would be an enormous political boon. It would also be the right thing to do.

Officials Overseeing Corporate Bonuses Might Need Some Themselves, Auditors Say

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — In an ironic twist, government auditors say the Treasury Department might need to award bonuses to its staff to finish efforts to recou...

Jason Linkins

Time To Celebrate The Success Of TARP Again, While Ignoring The Totality Of The Taxpayer Bailout | Jason Linkins | Posted 05.25.2011 | Media

It seems it's time for this old song and dance again: Six banks repaid nearly half a billion dollars in funds they received from the government bai...

Tim Geithner: All Parties Will Benefit From A Quick Mortgage Settlement

Reuters | Dave Clarke and David Lawder | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - A comprehensive settlement between U.S. authorities and banks over alleged abuses of mortgage servicing needs to be reached...

Food Prices Could Be More Of A Concern Than Oil Spikes

Reuters | Emily Kaiser | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the develo...

Spencer Bachus, Key House Republican, Praises Obama Housing Plan

AP | ALAN FRAM | Posted 05.25.2011 | Politics

WASHINGTON — The Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the government...

Geithner Wants Fannie, Freddie Reform Bill In 2 Years

AP | ALAN FRAM | Posted 05.25.2011 | Business

WASHINGTON — Treasury Secretary Timothy Geithner is telling Congress that the Obama administration wants Congress to approve legislation overhau...

Libya Protests: Tripoli In Open Revolt, Pro-Gaddafi Gangs Terrorize Capital

AP/The Huffington Post | MAGGIE MICHAEL and BASSEM MROUE | Posted 05.25.2011 | World

TRIPOLI, Libya - Moammar Gadhafi's regime passed out guns to civilian supporters, set up checkpoints and sent armed patrols roving the terrorized capi...

U.S. Freezes Gaddafi's Assets

AP/The Huffington Post | By BRADLEY KLAPPER and MATTHEW LEE | Posted 05.25.2011 | World

WASHINGTON (AP) -- The Obama administration froze assets of the Libyan government, leader Muammar Gaddafi and four of his children Friday, just hours ...

Tim Geithner's Gamble

Project Syndicate | Simon Johnson | Posted 05.25.2011 | Business

LOS ANGELES -- In a recent interview, United States Treasury Secretary Tim Geithner laid out his view of the nature of world economic growth and the r...

Dan Froomkin

Experts: Don't Play Chicken With Debt Limit | Dan Froomkin | Posted 05.25.2011 | Politics

Republican lawmakers are threatening to vote against raising the federal debt limit this spring unless Democrats agree to dramatically cut government ...

Geithner: GOP Spending Cuts Could Cost Jobs

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Treasury secretary Timothy Geithner isn't happy with the latest round of Republican budget cut proposals. Geithner, speaking at a press conference ...

Cold-Blooded: Grandma Souljah, Felon-Friendly Cuts, and Other Austerity Horrors

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Something has gone seriously wrong when Democrats can convince themselves that their path back to popularity lies in cutting Social Security and leaving poor people to freeze in the dark.

If Ben Bernanke Hosted Our Super Bowl Party Instead of My Friend Pete

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

I doubt that anybody watching Sunday's game wants to hear our leaders say that this sluggish and jobless economy represents the "new normal." How would the sportscasters put it? The people expect their officials to give 110 percent.

Bernanke: Not Raising Debt Limit Would Be 'Catastrophic'

Reuters | Mark Felsenthal and Pedro Da Costa | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday issued a stern warning to Republican lawmakers that delays in raising the U...

Davos Notes: Sugary Explosions, Embarrassing Dads, Genial Hosts, the Latest Microtrends, and a Comeback of Irrational Exuberance

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

At a great Emerging Microtrends dinner, the most fascinating microtrend that emerged was moving from knowledge to wisdom and insightfulness. In a Google-fueled world, knowing things is no longer as important as problem-solving. READ MORE Davos Notes: State of the Union Shrugs, and the Spirit of RFK Hovers Above the CNBC Unemployment Debate My day started with a debate focused on global employment. The most memorable part was a powerful video highlighting the crisis. Watching it leaves you feeling like you have to do something before it's too late. READ MORE Davos Diary: Heading to the World Economic Forum at a Crossroads Moment for the World From Davos to DC, it's clear that the world is in need of big ideas. Let's hope the president, and those business and government leaders gathering a continent away, rise to the challenge. READ MORE LISTEN: Arianna Discusses Davos on BBC Radio 4

Geithner At Davos: U.S. Economy 'Not A Boom'

AP | MATT MOORE | Posted 05.25.2011 | Business

DAVOS, Switzerland — U.S. Treasury Secretary Timothy Geithner said Friday that his country has more confidence now that there is a sustainable expan...

Breaking the Silence: FCIC Report Brings the Focus Back to Wall Street

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

At a time when the nation's capital is convinced that CEOs need appeasing rather than policing, the FCIC report is a badly needed return to reality.

Watchdog Says Overhaul Won't Stopped Future Bailouts

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — A Treasury Department official said Wednesday that the financial regulatory law enacted last summer will help the government avoid ...

China's President Is Here: Can There Be a Breakthrough in US-China Relations?

Danny Schechter | Posted 05.25.2011 | World
Danny Schechter

On the eve of the Chinese President's visit to the United States, and in the midst of intense speculation about his intentions--and ours--I found myse...

Wall Street Titans Jockey Over AIG Stock Sale

Posted 05.25.2011 | Business

NEW YORK (By Ben Berkowitz) - Some of the top bankers in the United States flocked to a midtown Manhattan law firm on Thursday to make a pitch for man...

Shahien Nasiripour

Citigroup Was On The Verge Of Failure, New Report Finds; Rescue Was Based On 'Gut Instinct' | Shahien Nasiripour | Posted 05.25.2011 | Business

Citigroup, the nation's third-largest bank by assets, was on the verge of being closed by regulators the week of Nov. 24, 2008 as depositors rapidly w...

U.S. Seeks 'Real Demonstrative Commitment' From China On Economy

Posted 05.25.2011 | Business

WASHINGTON, Jan 12 (By Emily Kaiser and Caren Bohan) - The United States wants a "real, demonstrative commitment" from China that it is serious about...

Geithner Had Off The Record Talk With Jon Stewart In April | Posted 05.25.2011 | Business

Geithner and Stewart, host of Comedy Central's "The Daily Show," held an off-the-record meeting at Stewart's office in New York on April 2, according ...

Will Obama Shake Up His Economic Team? | PETER WALLSTEN | Posted 05.25.2011 | Business

The strategy sessions aired a range of disagreements over how to help Democrats forestall an electoral drubbing at the polls--a defeat party strategis...