Cohen joins Geithner at Treasury after Senate confirmation for job combatting terror financing

October 13th, 2009 WASHINGTON - A senior official of the US Treasury Department has claimed that the Taliban is better bankrolled than Al Qaeda and relies on a wide range of criminal activities to pay for attacks on U.S. and coalition forces in Afghanistan.

October 13th, 2009 WASHINGTON - The US government claims to have made major strides in disrupting Al Qaeda's funding network, but believes several other terrorist groups, particularly the Taliban in Afghanistan, are much stronger financially than Al Qaeda. These other terror groups continue to pose "serious threats" to the United States and its interests around the world, Assistant Treasury Secretary David S.

October 12th, 2009 Official: Taliban better financed than al-QaidaWASHINGTON — The Taliban are in much stronger financial shape than al-Qaida and rely on a wide range of criminal activities to pay for attacks on U.S. and coalition forces in Afghanistan, a senior Treasury Department official said Monday.

September 24th, 2009 Geithner: US wants bigger role for China in IMFPITTSBURGH — Treasury Secretary Timothy Geithner says the U.S. supports China's bid for greater voting rights in international organizations like the IMF and the World Bank for itself and other fast-growing economies despite European reservations.

September 21st, 2009 Senators urge Treasury to end bailout programWASHINGTON — Forty senators — all but one of them Republican — want the Obama administration to let the $700 billion financial rescue program expire by year's end, saying the money has been used in ways not contemplated by Congress. In a letter to Treasury Secretary Timothy Geithner, the senators said the program's unobligated funds should be used to reduce the national debt.

July 10th, 2009 Geithner: Stimulus on 'expected path'WASHINGTON — Treasury Secretary Timothy Geithner says the administration's plan to stimulate the economy by spending billions on construction and other local projects is on the "expected path." Geithner defended the stimulus plan Friday after Florida Republican Rep. Bill Posey asked where the government's plan went wrong, because unemployment remains high.

June 23rd, 2009 Geithner plans trips to Europe and Middle EastWASHINGTON — Treasury Secretary Timothy Geithner will travel to the Middle East and Europe next month for a series of meetings to discuss global economic issues. The Treasury Department said Tuesday that Geithner will meet with officials in Britain, Saudi Arabia, the United Arab Emirates and France to discuss the global economic downturn and financial crisis before a leaders' summit of the Group of 20 nations in September in Pittsburgh.

June 20th, 2009 Former Fannie Mae head to take over bank bailoutWASHINGTON — Herbert Allison, the former head of troubled mortgage giant Fannie Mae, has been confirmed to oversee the government's $700 billion bank bailout program. The Senate voted Friday to confirm Allison as the Treasury Department's assistant secretary for financial stability.

June 18th, 2009 Geithner defends plan to step up oversightWASHINGTON — Treasury Secretary Timothy Geithner says it is clear that the government could have done more to prevent the economic downfall. In prepared testimony, Geithner says that gaps and weaknesses in the regulatory framework governing banks and other financial institutions "presented challenges" to the government's ability to monitor and address risky market bets.

June 18th, 2009 Geithner: Fed best suited for super regulator roleWASHINGTON — Treasury Secretary Timothy Geithner says the Federal Reserve is best suited to become a super-regulator that would oversee financial firms so big and influential that their failure could topple the economy. Some lawmakers want to give the job to a council of regulators.

June 2nd, 2009 Geithner seeks to reassure global investorsBEIJING — Treasury Secretary Timothy Geithner says the Obama administration is committed to doing everything possible to maintain investor confidence in U.S. financial markets.

May 31st, 2009 Geithner sees hopeful signs in US economyBEIJING — U.S. Treasury Secretary Timothy Geithner says the U.S.

May 31st, 2009 Geithner says US wants closer ties with ChinaBEIJING — U.S. Treasury Secretary Timothy Geithner says he wants to develop the same kind of close working relationship with China that the U.S.

May 13th, 2009 Treasury to detail plan for credit default swapsWASHINGTON — Treasury Secretary Timothy Geithner will announce a plan on Wednesday to strengthen federal regulations governing over-the-counter derivatives, a class of financial instruments that includes the risky contracts that helped bring down AIG. Sen. Christopher Dodd, a Connecticut Democrat who chairs the Senate Banking Committee, says he has been told that the administration will "really tighten down" on them.

January 22nd, 2009 WASHINGTON - The US Senate Finance Committee Thursday approved Timothy Geithner's nomination to be Treasury secretary in President Barack Obama's administration, paving the way for Geithner's confirmation by the full US Senate. The Finance Committee voted 18-5 to send Geithner's nomination to the Senate, which could confirm his appointment later this week.