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Treasury Secretary

Nate Silver: Give Geithner A Break

FiveThirtyEight | Posted 05.25.2011 | Politics

I don't think he did well yesterday. I don't know that he's the right guy for the job. But what I do know is the following: 1. Nobody, absolutely nob...

Whoa! What Happened? The Un-Plan

Michael K. Farr | Posted 05.25.2011 | Business
Michael K. Farr

Would the market reaction have been any different if Geithner had expressed complete confidence in his new plan?

Runaway Wall Street

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

What we need is an honest accounting of how we got into this mess, beginning with an investigation of the role of Goldman Sachs as the most insidious Wall Street player.

Daschle and Geithner: Too Important Not To Be Confirmed?

Sandy Goodman | Posted 05.25.2011 | Politics
Sandy Goodman

People in high places ought to pay their taxes, to set an example for the rest of us. Especially the Treasury Secretary, who oversees the IRS.

Transparency, Justice and Clarity in the Economic Crisis

David Calhoun Mendelsohn | Posted 05.25.2011 | Business
David Calhoun Mendelsohn

Why are the banks not fulfilling their end of the understanding that if US taxpayers provide the blank check, they will open the liquidity tap so that the economy can operate?

Escape from Emotional Terrorism: The Bush Years

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

In September, the economic stability of the world as we know it was eroding under the Bush administration's feet. Slipping and sliding, they were worried about the money, and you never put it at risk.

Jason Linkins

Timothy Geithner Enveloped In Controversy, Why Not? | Jason Linkins | Posted 05.25.2011 | Media

The Most Efficient Cabinet Selection Process in Modern History could be poised to get scandaltastic, with the nomination of Treasury Secretary Timothy Geithner hitting a snag over some spicy housekeeper stuff!

Sam Stein

Geithner's Tax Error A Common One, Expert Says | Sam Stein | Posted 05.25.2011 | Politics

News broke late Tuesday afternoon that Treasury Secretary nominee Timothy Geithner had for several years employed a housekeeper without proper immigra...

Car sales, 2008; even worse than we thought

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Monday brought three conference calls, each about an hour, with executives from each of the Detroit Three announcing, dissecting and, most of all, spi...

Bush Punts Auto Industry to Team Obama; UAW Concedes Even More

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.

"Car Czar" Could Force Bankruptcy By April, In Proposal

Bloomberg | Posted 05.25.2011 | Business

The U.S. Treasury may adopt a plan that would let a car czar or the Treasury secretary force General Motors Corp. and Chrysler LLC into bankruptcy if ...

Obama To Help Treasury Secure Second Half Of $700 Billion Bailout

Washington Post | David Cho and Lori Montgomery | Posted 05.25.2011 | Politics

President-elect Barack Obama's transition team has agreed to accompany Treasury Department officials to meet with Capitol Hill leaders to help the Bus...

Treasury to Promote Homeownership? Not so fast

Mark Winston Griffith | Posted 05.25.2011 | Business
Mark Winston Griffith

A version of this entry was posted on the DMI blog. It's remarkable how the Bush Administration keeps missing the mark on the mortgage and foreclosur...

Arranging Mr. Geithner's Priorities: Economy NewsLadder

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

By Zach Carter MediaWire Blogger President-elect Barack Obama announced his economic transition team yesterday--and we'll get to that--but first let'...

From the Office of the President-Elect, PEOTUS

Jennifer Donahue | Posted 05.25.2011 | Politics
Jennifer Donahue

The control the Obama campaign and now transition have demonstrated over the media is as sophisticated and as groundbreaking as Lee Atwater's use of multimedia developments for Richard Nixon.

Obama's Wall Street Woes

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Obama presented his economic team -- all protégés of Robert Rubin -- just as the Treasury was pumping out billions to rescue Citibank -- which featured Rubin as chair of its executive committee. Is this the change we need?

What New Treasury Secretary Geithner Must Prove

US News and World Report | Rick Newman | Posted 05.25.2011 | Business

Geithner is still a risky choice, and in a few months' time, the markets could very well have turned on him. Here's why: He's never been top dog. G...

Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 05.25.2011 | Media

Last week, Neel Kashkari appeared before Congress, where he was called a "chump" by Maryland Dem Elijah Cummings.

Geithner Pick Mystifies Some Traditional Democratic Constituencies

Wall Street Journal | JON HILSENRATH and DEBORAH SOLOMON | Posted 05.25.2011 | Politics

As a young Treasury aide in the late 1990s, Timothy Geithner once said his proudest accomplishment was helping assemble more than $100 billion in inte...

Change We Can Bank On

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

This is not change we can believe in -- not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in Obama's incoming administration.

Secrets of the Bailout

Emma Coleman Jordan | Posted 05.25.2011 | Business
Emma Coleman Jordan

The same penchant for secrecy and partial disclosure that pervaded the last eight years of foreign policy, energy policy and domestic intelligence gathering is now slowly emerging in the bailout.

Larry Summers -- My Experience

Wendy Kopp | Posted 05.25.2011 | Politics
Wendy Kopp

I have seen Summers exert rare commitment both in supporting women and in addressing the issues facing economically disadvantaged communities.

Summers at Treasury: What Would We Tell the Children?

Dean Baker | Posted 05.25.2011 | Politics
Dean Baker

How can Summers still be considered for the top economic position in the Obama administration? This would be like appointing the arsonist who burned down the city as the new fire commissioner.

Larry Summers' True Record on Women

Sheryl Sandberg | Posted 05.25.2011 | Business
Sheryl Sandberg

Many people note that our nation has few economists with Larry Summers' intelligence. They should also know that we have few leaders, if any, in the financial world who have done more for women.

Lawrence Summers: Africa Is

Max Blumenthal | Posted 05.25.2011 | Politics
Max Blumenthal

If Obama nominates Summers, he will send a dispiriting message to governments of developing countries -- especially in Africa -- just as they have begun to look at the United States as a beacon of hope.