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Treasury Secretary

Grading Geithner - and Waiting for Obama

Richard (RJ) Eskow | Posted 03.30.2013 | Politics
Richard (RJ) Eskow

Timothy Geithner was a true believer. He just believed in the wrong things. While Washington debates the deficit, the big banks are bigger than ever -- and nobody's paying attention.

Obama Treasury Pick Courts Senate Republicans

Reuters | Posted 03.25.2013 | Politics

By Rachelle Younglai and Anna Yukhananov WASHINGTON, Jan 23 (Reuters) - Senate Republicans on Wednesday offered encouraging words abou...

Damning Allegations Against Geithner Renewed

Reuters | Posted 03.21.2013 | Business

* Richmond Fed's Lacker resurrects 2007 allegation * Geithner said in 2007 that claim was not accurate * U.S. Treasury d...

Lincoln's Inaugural Counsel: Appointment Resolve for Obama's Road Forward

Victor Williams | Posted 01.16.2013 | Politics
Victor Williams

Lincoln boldly appointed all the officials and judges needed to preserve a functioning national government. Abraham Lincoln thus signed hundreds of recess commissions.

Zach Carter

Top Progressive Economist Defends Jack Lew As Treasury Pick | Zach Carter | Posted 01.16.2013 | Politics

WASHINGTON -- Only a few senators have publicly announced opposition to Jack Lew's nomination for Treasury secretary, and the staunchest resistance ha...

Zany GOP Origins of the Trillion Dollar Coin

John Tepper Marlin | Posted 03.18.2013 | Business
John Tepper Marlin

If the U.S. Treasury issues a trillion-dollar palladium coin and then sells it to the Federal Reserve System or deposits it as cash, maybe the debt ceiling would be legally bypassed via the Treasury's authority to issue collectible coins.

'This Pubic Hair Masquerading As An Autograph...'

Posted 01.11.2013 | Comedy

Stephen Colbert, like many of his fellow Republicans, is absolutely outraged that Obama has chosen an all-male cabinet for his second term. Because Re...

Another One Bites The Dust: Hilda Solis Resigns

Reuters | Posted 03.11.2013 | Politics

By Steve Holland WASHINGTON, Jan 9 (Reuters) - Labor Secretary Hilda Solis, the first Latina to head a major U.S. federal agency, anno...

After Rollercoaster Ride At Treasury, Geithner's Career Approaches Close

Reuters | Posted 03.11.2013 | Politics

Jan 11 (Reuters) - Timothy Geithner, who played a lead role combating the global financial crisis as U.S. Treasury secretary, will step down from hi...

Let Us Now Examine Jack Lew's Handwriting Because Why Not

Mark Gongloff | Posted 03.11.2013 | Business
Mark Gongloff

So it looks like Jacob "Jack" Lew is indeed going to be President Obama's next Treasury Secretary, NBC's John Harwood reported on Wednesday. The first question everybody wants answered about him is, naturally, what is the deal with his crazy handwriting?

Obama Close To Selecting Lew For Treasury: Report

Posted 01.09.2013 | Politics

President Obama is close to nominating White House Chief of Staff Jack Lew as Treasury Secretary, Bloomberg reported Monday. According to Bloomberg...

Krugman: 'It Really Is A Bad Idea' To Nominate Me For Treasury

The Huffington Post | Bonnie Kavoussi | Posted 01.07.2013 | Business

Sorry, Paul Krugman fans. The Nobel Prize winner has taken himself out of the running for becoming Treasury Secretary. "It really is a bad idea," h...

Report: Tim Geithner To Step Down Before Debt Ceiling Debate

The Huffington Post | Jillian Berman | Posted 01.03.2013 | Business

Treasury Secretary Timothy Geithner reportedly plans to step down at the end of January even if lawmakers don’t reach an agreement on the debt ceili...

Matt Taibbi: JPMorgan CEO As Treasury Secretary Would Be 'Revolution-Provoking Decision'

The Huffington Post | Harry Bradford | Posted 11.29.2012 | Business

Four words that would make Matt Taibbi throw up just a little? Treasury Secretary Jamie Dimon. That's right, appointing the JPMorgan Chase CEO as T...

Will Tim Geithner Lead Us Over or Around the Fiscal Cliff?

Robert Reich | Posted 01.28.2013 | Politics
Robert Reich

If "pragmatic deal maker," as the Wall Street Journal describes Geithner, means someone who believes any deal with Republicans is better than no deal, and deficit reduction is more important than job creation, we could be in for a difficult December.

Warren Buffett: Jamie Dimon Is Best Person For Treasury Secretary

The Huffington Post | Mark Gongloff | Posted 11.27.2012 | Business

If you liked Tim Geithner as Treasury Secretary, then you're going to absolutely love Jamie Dimon in the role, according to Warren Buffett. Last ni...

This Guy For Treasury?

The Huffington Post | Mark Gongloff | Posted 11.27.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Geithner Must Go

Charlie Cray | Posted 01.26.2013 | Business
Charlie Cray

An early litmus test of Barack Obama's willingness to push policies to help the middle class in his second term will be whether or not he gives Treasury Secretary Geithner the sack.

Dan Froomkin

After Geithner, Treasury May Need A Woman's Touch | Dan Froomkin | Posted 11.25.2012 | Business

WASHINGTON -- The best way to make sure that the next secretary of the Treasury is not overly beholden to Wall Street might be to hire a woman. The...

Going Bold on a Treasury Secretary: A Visionary, Financially-Savvy, Former Labor Secretary, aka Robert Reich

Paul Abrams | Posted 01.24.2013 | Politics
Paul Abrams

Former Labor Secretary Robert Reich fits the bill perfectly and uniquely. There is no Labor Secretary in recent memory that also has such a deep understanding of financial markets.

Another Unsolvable Problem Forces Geithner To Stay On The Job

Reuters | Posted 01.09.2013 | Business

* Geithner has made clear won't serve in second term * Unclear Senate will approve new Treasury chief by then * Obama ch...

Mark Gongloff

Meet The Man Who Might Replace Tim Geithner | Mark Gongloff | Posted 11.09.2012 | Business

The chatter in Washington and on Wall Street is that White House Chief of Staff Jack Lew is the favorite to replace Treasury Secretary Timothy Geithne...

Filling Geithner's (Small) Shoes

Robert Kuttner | Posted 11.23.2012 | Politics
Robert Kuttner

Timothy Geithner has said that he'll step down as Treasury Secretary at the end of Obama's first term. Assuming that Mitt Romney keeps self-destructing and Obama wins a second term, who should succeed him? Just as Obama's choice in 2008 of an economic team led by Larry Summers and Tim Geithner told you a lot about what kind of president he'd be (and not be), Obama will signal a lot in his selection of Geithner's replacement. In an economic crisis, the treasury secretary (tied with the Fed chairman) becomes the most important domestic public official after the president.

Regulators Mull 'Next Steps' After Reform Fail

Reuters | Posted 10.23.2012 | Business

* Treasury says consulting with regulators on next steps * Fund industry lobbied intensely against SEC plan * Upcoming e...

Mark Gongloff

Treasury Ignored Mortgage Fraud Warnings: Book | Mark Gongloff | Posted 07.20.2012 | Business

If the Obama administration's mortgage-relief program has been a bit of a flop, it didn't have to be so. In a new book, TARP's former inspector gen...