Treasury Secretary

Bank Lending Down Despite Massive Bailouts And Increasing Regulations

bloomberg.com | Rich Miller | Posted 11.09.2009 | Business


While financial institutions including Citigroup Inc. and Bank of America Corp. have received more than $200 billion in capital from the government, t...

State and Local Housing To Get $35 Billion Boost

wsj.com | DEBORAH SOLOMON | Posted 09.28.2009 | Business


WASHINGTON -- The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to ...

Fed Rejects Geithner's Request To Review Central Bank's Operations

bloomberg.com | Craig Torres and Robert Schmidt | Posted 09.21.2009 | Business


Sept. 21 (Bloomberg) -- The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the centra...

Obama Swiftboats Van Jones

Linda Milazzo | Posted 10.22.2009 | Politics


Linda Milazzo

Van Jones' resignation isn't a testament to the frenetic dry-drunk tirades of a delusional Fox employee. It is due to the Obama administration's failure to rightfully and necessarily defend a valuable member of its team.

'Government Sachs' Strikes Gold ... Again

Robert Scheer | Posted 08.14.2009 | Business


Robert Scheer

The federal government works for Goldman and not for us. Indeed, when it comes to the banking bailout, Goldman Sachs is the government.

Treasury Announces List Of PPIP Fund Managers

AP | Martin Crutsinger and Daniel Wagner | Posted 08.08.2009 | Business


WASHINGTON (AP) -- The Treasury Department on Wednesday selected nine large investment managers to operate funds for a long-awaited program to buy tox...

Geithner Talks China, Recession, Federal Deficit (VIDEO)

The Huffington Post | Ryan McCarthy | Posted 07.03.2009 | Business


Treasury Secretary Timothy Geithner appeared on CNBC this morning and discussed the GM bankruptcy, economic relations with China, and the ballooning F...

Geithner: China Should Decrease Exports

wsj.com | MICHAEL M. PHILLIPS | Posted 06.28.2009 | Business


WASHINGTON -- U.S. Treasury Secretary Timothy Geithner heads to Beijing this weekend to urge Chinese leaders to fundamentally alter the export-oriente...

Washington's Grim Economic Prospects

Eric C. Anderson | Posted 06.27.2009 | Politics


Eric C. Anderson

Over the last year Iceland, Ireland, and Spain have been confronted with diminished credit ratings. Could the same thing happen to the United States?

Stress Test for U.S. Banks Is a Complete Fraud

Sheldon Filger | Posted 06.12.2009 | Business


Sheldon Filger

It is the fear of the derivatives toxin that has frozen credit markets, leading to the Global Economic Crisis. Geithner's stress test can't fix the calamitous state of the U.S. banking sector.

Wall Street, DC, and the New Financial Euphoria

Arianna Huffington | Posted 06.11.2009 | Business


Arianna Huffington

I spent last week in New York and Washington, speaking with many erstwhile Masters of the Universe and those charged with cleaning up the mess they've created. And in both cities I was stunned by how many Wall Street and political insiders were ready to break out the champagne. Forgive me if I keep the bubbly on the shelf. READ MORE Ending the War on Drugs: The Moment is Now When it comes to addressing America's disastrous war on drugs, the Obama administration is saying the right things. But when it comes to putting its rhetoric into action, the administration has faltered. Is the Obama administration really committed to a fundamental shift in America's approach to drug policy or is this about serving up a kinder, gentler drug war? READ MORE

Treasury Needs $361B More

AP | MARTIN CRUTSINGER | Posted 05.28.2009 | Business


WASHINGTON — The Treasury Department said Monday it will need to borrow $361 billion in the current April-June quarter, a record amount for that...

A Call For Questions For Timothy Geithner

Richard H. Neiman | Posted 05.21.2009 | Politics


Richard H. Neiman

I am one of the five members of the Congressional Oversight Panel for TARP, and I would like the people who are living with this recession to get a chance to ask their questions to Geithner.

Treasury Revisits Rules For Toxic-Asset Sales

Wall Street Journal | MAYA JACKSON RANDALL | Posted 05.07.2009 | Business


The Treasury Department, facing criticism over its bank-rescue program, said it may allow a broader group of private investors to purchase toxic secur...

Sam Stein

Geithner: Gov't Must Not Let Up, Banks Need To Start "Taking Risks Again"

HuffingtonPost.com | Sam Stein | Posted 04.29.2009 | Politics


In his first major Sunday show appearances, Timothy Geithner laid out the policy arguments for the administration's toxic-asset plan, detailed the lon...

Obama Starts Filling In Treasury Department Holes

AP | Posted 04.24.2009 | Politics


WASHINGTON — President Barack Obama on Monday moved to fill three top jobs at the Treasury Department to help Secretary Tim Geithner manage the ...

Bloomberg for Treasury Secretary

Alan Schram | Posted 04.23.2009 | Business


Alan Schram

We simply cannot afford to have a distracted, hobbled Treasury Secretary who does not have the trust of markets or members of Congress. Mr. President, call Gracie Mansion.

Treasury: Okay, Who's Good With Numbers?

Jerome Halligan | Posted 04.18.2009 | Comedy


Jerome Halligan

Treasury Secretary Timothy Geithner held a press conference today to announce a need on the part of the Treasury for "people good with numbers, figures, economics - things of that nature."

Geithner: Global Financial Crisis "Still Evolving"

AP | Posted 04.14.2009 | Business


U.S. Treasury Secretary Timothy Geithner says the global economy is in a "challenging period" and that the crisis is "still evolving." Speaking follo...

My Advocacy On Behalf of Minority and Community Banks

Rep. Maxine Waters | Posted 04.13.2009 | Politics


Rep. Maxine Waters

Despite my public and consistent advocacy, news reports suggest that somehow I have acted improperly in advocating on behalf of minority banks. Let me set the record straight.

Levin In Talks With Treasury To Kill Tax Break For Financiers

HuffingtonPost.com | Ryan Grim and Julie Satow | Posted 04.11.2009 | Politics


It took an unlikely alignment of events to create a situation where venture capitalists and private equity managers could pay a lower tax rate than th...

Geithner Operating With A Skeleton Crew Of Unofficial Senior Advisers

New York Times | EDMUND L. ANDREWS and STEPHEN LABATON | Posted 04.09.2009 | Business


Rarely have so few people had so little time to prop up so many pillars of the economy as those in the Treasury Department under Timothy F. Geithner. ...

While the Economy Tanks, the President's Team Dawdles

Ann Pettifor | Posted 03.31.2009 | Business


Ann Pettifor

The stock market knows what Treasury still needs to admit: the banks are bust. Their CEOs lack all credibility. Until they are nationalized the Dow will continue its very rational path downwards.

Volcker: 'Shameful' That Treasury Is Understaffed

ABC | Posted 03.29.2009 | Politics


Sounding off on hiring problems that we reported earlier this week, a leading economic adviser to President Obama today said it was "shameful" that th...

Geithner's Private Investment Fund Details Revealed

Financial Times | Krishna Guha | Posted 03.27.2009 | Business


One reason the US authorities are reluctant to pull the plug on any big banks is that they hope their toxic asset purchase plan could show that losses...