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.
Geithner says encouraging signs of global rebound are beginning to emergeSeptember 24th, 2009 Geithner says financial flaws must be correctedPITTSBURGH — Treasury Secretary Timothy Geithner says he is seeing encouraging signs of a global economic rebound but the world still has a way to go to emerge from the severe recession. Geithner says that the United States is not going to walk away from the greatest crisis since the Great Depression and not reform the flaws in the financial system that triggered the crisis.
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.
Obama administration recommends changes to boost use of state-run college savings plansSeptember 9th, 2009 Geithner pushes changes to college savings plansWASHINGTON — The Obama administration wants states to make changes to college savings plans that it hopes will expand their use by middle class families. Treasury Secretary Timothy Geithner says the Section 529 savings plans can help Americans to save for college because of the tax savings they offer.
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.
Geithner: US will reverse spending after economy is on certain recoveryJuly 28th, 2009 Geithner: US to address deficits after recoveryWASHINGTON — Treasury Secretary Timothy Geithner says he has reassured China that the United States will take steps to address rising budget deficits once the economic recovery is firmly in place. China has huge investments in the United States and has worried it could be undermined by U.S.
US Treasury Secretary Geithner sees 'durable, very important signs' of confidence, stabilityJuly 16th, 2009 Geithner sees 'durable' signs of stabilityPARIS — U.S. Treasury Secretary Timothy Geithner said Thursday he saw "durable, very important signs" of recovery in the financial system — but he warned against repeating the mistakes of the 1930s and withdrawing stimulus too soon.
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 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.
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.
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.
Indian officials join meeting as US calls for $500 bn IMF pushMarch 13th, 2009 LONDON - Officials from India and other Group of 20 (G20) countries began meeting Thursday amid a call by the US Treasury Secretary to increase the IMF's borrowing pot by a massive $500 billion to help developing countries cope with the fallout of the global financial crisis. Finance Secretary Ashok Chawla, Alok Sheel, joint secretary in the Department of Economic Affairs, and Reserve Bank of India Deputy Governor Rakesh Mohan joined officials and central bankers from around the world ahead of an April 2 summit of G20 leaders who will declare an action plan to combat the financial crisis.