Geithner: US wants bigger role of China in IMF despite European objectionsSeptember 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.
Geithner says administration committed to preserving strong value of dollarSeptember 24th, 2009 Geithner supports strong dollarPITTSBURGH — Treasury Secretary Timothy Geithner says the United States has a a special responsibility to preserve the role of the dollar as the world's primary reserve currency. Geithner said that a strong dollar is very important to the United States and the Obama administration is committed to doing everything necessary to preserve the dollar's standing in global currency markets.
Treas Sec'y Geithner: Obama committed to avoiding middle-class tax hike, despite deficitsSeptember 15th, 2009 Geithner: Obama against any middle class tax hikeWASHINGTON — Treasury Secretary Timothy Geithner acknowledged Tuesday the federal government had to take some "deeply offensive" steps to help the country get past the financial crisis a year ago. But he also said in a nationally broadcast interview that things are "dramatically different" now, although it's too early to say the economy is in recovery.
Summary Box: Weak job market could dampen consumer spending and hamper recoveryAugust 21st, 2009 Summary Box: Jobless claims bad sign for recoveryWHAT HAPPENED?: New jobless claims rose for the second straight week, disappointing analysts who were expecting a drop. At the same time, an index of leading economic indicators and a regional manufacturing index rose, providing more evidence that the economy may be recovering.
Treasury secretary won't say whether tax increases needed to lower federal deficitAugust 2nd, 2009 Geithner: Lower deficit key to sustaining recoveryWASHINGTON — Treasury Secretary Timothy Geithner says the U.S. must cut the annual federal budget deficit, now more than $1 trillion, for the economy to have a sustained recovery and he's not ruling out new taxes.
Geithner: Growth widely expected in second half of this year, unemployment easing next yearAugust 2nd, 2009 Geithner: Consensus is for growth later this yearWASHINGTON — Treasury Secretary Timothy Geithner (GYT'-nur) says the economy is expected to grow later this year and unemployment could ease in the second half of 2010. He's citing the general view of private economists for his forecasts.
Geithner says US and China committed to building more stable and balanced global economyJuly 28th, 2009 Geithner says US and China seeking stabilityWASHINGTON — Treasury Secretary Timonthy Geithner (GUYT'-nur) says the United States and China are committed to building a more stable and balanced global economy. Geithner said in prepared remarks Tuesday that the two countries were determined to lay a foundation for more balanced growth once an economic recovery is firmly in place.
China and US officials see global economic recovery, seek continued joint effortsJuly 27th, 2009 China, US officials see global economic recoveryWASHINGTON — Top officials of the United States and China said Monday they saw hopeful signs that the global economy was beginning to move into a period of recovery. Treasury Secretary Timothy Geithner said that the joint efforts of the nations to deal with the financial crisis with large stimulus programs marked a turning point in the relationship of the two economic superpowers.
Treasury Secretary Timothy Geithner says administration's stimulus plan is on 'expected path'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.
Geithner defends plan to increase financial oversight, bolster powers of the FedJune 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.
Geithner: Federal Reserve is best suited to be super financial regulatorJune 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.
Geithner says administration committed to maintaining confidence of global investorsJune 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.
Geithner says Chinese officials support US strategy to fight global downturnJune 2nd, 2009 Geithner: China backs efforts to fight downturnBEIJING — The global economy is showing "early signs of stabilization" due to action by the United States and China to end its worst slump in decades, Treasury Secretary Timothy Geithner said Tuesday. The two governments announced they would launch new high-level talks the week of July 27, reviving a dialogue carried on under the former U.S.
Geithner says US financial system in substantially better shape, economy more stableMay 31st, 2009 Geithner sees hopeful signs in US economyBEIJING — U.S. Treasury Secretary Timothy Geithner says the U.S.
Geithner: Global economic crisis threatens to reverse progress in lifting people from povertyApril 26th, 2009 Geithner says crisis threatens work on povertyWASHINGTON — The global economic crisis threatens to reverse gains in fighting poverty, so banks that provide aid to poor nations must embrace changes in their operations, Treasury Secretary Timothy Geithner said Sunday. Those development banks are at the forefront of efforts to eradicate poverty and promote sustainable growth, he said the World Bank's policy-setting board.