Geithner says G-20 nations broadly support US plan to promote more balanced growthSeptember 24th, 2009 Geithner expresses optimism for deal on growthPITTSBURGH — Treasury Secretary Timothy Geithner says the United States has a lot of support from other Group of 20 nations to move toward more balanced global growth. Geithner expressed optimism that the G-20 leaders meeting in Pittsburgh will endorse the broad outlines of a U.S.
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: 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.
US Treasury Secretary Geithner discusses economic stimulus plans with French PMJuly 16th, 2009 Geithner, French discuss stimulusPARIS — U.S. Treasury Secretary Timothy Geithner is discussing economic stimulus plans with French officials in talks that also touch on the question of sanction againt Iran.
Treasury secretary says power, risks of an explosive derivatives market blindsided the gov'tJuly 10th, 2009 Geithner says derivatives blindsided the gov'tWASHINGTON — Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration plan to stimulate the economy by spending billions of dollars on construction and other local projects is on the "expected path."
"There's been substantial improvements in arresting what was the worst recession globally we've seen in generations," Geithner told lawmakers Friday. Geithner's remarks came as public opinion polls show waning support for President Barack Obama's economic policies.
Geithner will travel to Europe, Middle East next month to discuss global economic issuesJune 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.
Lawmakers question whether Federal Reserve is best suited to be super financial regulatorJune 18th, 2009 Lawmakers wonder if Fed is best mega-regulatorWASHINGTON — Senior lawmakers are questioning the Obama administration's plan to task the Federal Reserve with monitoring firms deemed so big and influential that their demise could hurt the economy. Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee, sharply questioned Treasury Secretary Timothy Geithner on the proposal, which he says represents a "grossly inflated view" of the Fed's expertise.
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 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 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.
Treasury to detail plan to clamp down on credit default swaps, other derivativesMay 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.
Geithner will travel to Beijing in early June for meeting with senior Chinese officialsMay 12th, 2009 Geithner headed to China in early JuneWASHINGTON — The administration says Treasury Secretary Timothy Geithner will travel to Beijing early next month for meetings with senior Chinese officials. It will be Geithner's first trip to China since he became Treasury secretary.
Cohen joins Geithner at Treasury after Senate confirmation for job combatting terror financingMay 1st, 2009 Cohen wins Senate confirmation for Treasury jobWASHINGTON — Treasury Secretary Timothy Geithner is no longer alone. The Senate has confirmed another Obama Treasury nomination.
Gold prices dip as remarks from Treasury Secretary Geithner spur buying on Wall StreetApril 21st, 2009 Gold prices dip as stocks move higherNEW YORK — Gold prices are slightly lower as stocks gain ground. Oil prices are flat, while grain prices are up.
US unveils details of toxic-asset rescue bidMarch 24th, 2009 WASHINGTON - US Treasury Secretary Timothy Geithner Monday said he would use a combination of private and public funds to remove up to $1 trillion in toxic mortgage assets off the balance sheets of US banks, in the government's latest bid to end the financial crisis. The new effort will include up to $100 billion in government funds, Geithner said as he unveiled the much-anticipated details of a new programme that has been developed over the last month.