UPDATE 1/13: The AP reports that Timothy Geithner failed to pay personal taxes and check the immigration status of a housekeeper.
WALL STREET SURGED 500 POINTS FOLLOWING REPORTS THAT TIMOTHY GEITHNER WILL BE NOMINATED AS TREASURY SECRETARY. READ MORE ABOUT THE RISE.
AP reports that Obama picking Geithner could calm the markets.
Read more below about Geithner and Governor Bill Richardson, Obama's likely choice for Commerce Secretary.
HuffPost's Sam Stein reports: Barack Obama will name his Treasury Secretary on Monday, a...
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