Timothy Geithner

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Forget Obama and Congress; Bernanke Has Most Tools

Fed taking a big gamble

(Newser) - Barack Obama’s economic team and its plans get the big headlines, but let’s not forget that Ben Bernanke remains the biggest mover in US economic policy, Robert Samuelson writes in the Washington Post. Bernanke has been inventing new economic tools at a pace never seen before at the...

Obama Should Beware 'Best and Brightest'
Obama Should Beware 'Best and Brightest'
OPINION
Dec 7, 2008 1:18 PM CST

Obama Should Beware 'Best and Brightest'

A la JFK's Cabinet, too often masks poor judgment, inexperience

(Newser) - Barack Obama has won praise for appointing “the best and the brightest” to his Cabinet during a time of war and economic hardship. But all the back-patting sounds a little too familiar, Frank Rich writes in the New York Times. “The stewards of the Vietnam fiasco had pedigrees...

Geithner Wants to Oust FDIC Chief Bair

'Independent actor' in crisis worries Obama's Treasury nominee

(Newser) - If Treasury Secretary-designate Timothy Geithner has his way, Barack Obama will show FDIC chief Sheila Bair the door, Bloomberg reports. Geithner, who has battled Bair over emergency measures like the Citigroup rescue, says she isn’t a team player, and is concerned more with her agency than the broader economy....

Rove: Obama Has Picked a First-Rate Economic Team

Solid picks win rare praise from former Bush deputy

(Newser) - Karl Rove was pleasantly surprised by Barack Obama's choice of an economic team, the Republican analyst writes in the Wall Street Journal, singling out Tim Geithner and Larry Summers as solid picks. Geithner has played a key role in the current administration's handling of the financial crisis and will provide...

Wall Streeters Question Geithner's Role in Crisis
Wall Streeters Question Geithner's
Role in Crisis
ANALYSIS
Nov 25, 2008 8:51 AM CST

Wall Streeters Question Geithner's Role in Crisis

Treasury pick has been at the table all along

(Newser) - Markets surged yesterday when Barack Obama announced that Timothy Geithner would become treasury secretary as part of an all-star economic team. But Wall Street actually harbors some skepticism about Geithner, writes Andrew Sorkin in the New York Times. As chair of the New York Fed, Geithner was the point man...

Obama on Economy: My Job Starts Now

Few surprises as president-elect introduces team

(Newser) - When it comes to the economy, Barack Obama says his work begins “right now.” Obama introduced his economic team today; as expected, he designated Timothy Geithner as treasury secretary and Lawrence Summers as director of the National Economic Council. The president-elect said they would begin work immediately on...

Politically, Geithner's a Mystery
Politically, Geithner's a Mystery
Nov 24, 2008 12:10 PM CST

Politically, Geithner's a Mystery

Non-Wall St. players know little of would-be Treasury secretary

(Newser) - As the head of the New York Fed, Timothy Geithner is a known quantity in certain circles. But as he starts the process of taking the helm at the Treasury Department, the officials who will vote on his confirmation know surprisingly little about him, reports Politico. “I always worry...

Berkeley Prof to Head Council of Economic Advisers

Christina Romer is expert on recessions

(Newser) - Barack Obama has chosen Christina Romer, a Berkeley economics professor, to lead the Council of Economic Advisers, ABC News reports. The council analyzes economic developments and recommends policy for the president. Obama will announce Romer’s appointment, along with the rest of his economic team, today.

Obama Fiscal Team Reunites Rubin Protégés

But even ex-Treasury boss losing Clinton-era free-market policies

(Newser) - Barack Obama’s incoming administration is stocked with acolytes of Bill Clinton-era Treasury Secretary Robert Rubin, reports the New York Times. But even Rubin and his protégés are no longer quite as enamored as they once were of so-called Rubinomics—deregulation, balanced budgets, and free trade. Facing economic...

We Need New Leadership, Now
 We Need New Leadership, Now 
OPINION
Nov 23, 2008 6:32 AM CST

We Need New Leadership, Now

Washington's following 'business as usual' amid crisis

(Newser) - Washington is carrying out “business as usual in the most unusual economic moment of our lifetimes,” writes Thomas Friedman in the New York Times. It’s time for our leaders to wake up to the enormity of the financial crisis, the real "weapon of mass destruction,"...

Obama Cabinet Picks: Seasoned and Centrist
 Obama Cabinet Picks: 
  Seasoned and Centrist
analysis
Nov 22, 2008 7:13 AM CST

Obama Cabinet Picks: Seasoned and Centrist

Obama goes for pragmatism over ideology: NY Times

(Newser) - Barack Obama swept into office on a wave of left-wing support, but his appointments thus far point to a centrist governing style, writes David E. Sanger in the New York Times. In choosing Hillary Clinton for secretary of state and Timothy Geithner for Treasury, Obama seems ready to “govern...

Dow Up 494 on Geithner Pick
 Dow Up 494 on Geithner Pick 
MARKETS
Nov 21, 2008 3:23 PM CST

Dow Up 494 on Geithner Pick

Index gets back over 8,000, but lose for the week

(Newser) - News that Barack Obama’s will nominate Timothy Geithner, head of the New York Fed, as Treasury Secretary buoyed stocks today, although the major indices all lost value for the week, MarketWatch reports. The Dow closed up 494.13 at 8,046.42. The Nasdaq gained 68.23 to settle...

NY Fed Prez Lands Top Job at Treasury

Speculation about Commerce gig surrounds Richardson

(Newser) - The Obama transition team has settled on a treasury secretary nominee, NBC reports: Timothy Geithner, the president of the New York Fed. The announcement is expected to come Monday, when the president-elect will announce his entire economic team in an attempt to quell the unrest surrounding the financial markets....

Summers May Be Off Short List for Treasury

Women's groups oppose selection after flap over science ability

(Newser) - Picking Larry Summers to run the Treasury might be too provocative. Politico reports that the swelling backlash among women's groups—over his notorious comments at Harvard about women’s abilities in math and science—is seriously sinking his chances. Even a Senate confirmation could be dicey. “While it wouldn’...

Summers Vs. Geithner for Treasury Chief

Democrats divided on pick

(Newser) - The top candidates to become Treasury secretary, Larry Summers and Timothy Geithner, have Democrats split, and Politico looks at the resumes of both. Summers is a brilliant economist and close Obama adviser, but hardly smells of change, having backed deregulation and free-market strategies as Clinton’s Treasury chief. He's supposedly...

Rubin Won't Take Treasury Post
 Rubin Won't Take Treasury Post 
Nov 6, 2008 2:50 PM CST

Rubin Won't Take Treasury Post

Decision paves the way for another former Secretary, Lawrence Summers

(Newser) - Former Treasury Secretary Robert Rubin, a top economic adviser to Barack Obama during the campaign, will not reprise that Cabinet role in the new administration, Bloomberg reports. “I've spoken with him and told him I'm not interested in going back into government,” Rubin said today. His denial boosts...

Obama Gets Down to Business
Obama Gets Down to Business 
Nov 6, 2008 4:20 AM CST

Obama Gets Down to Business

Treasury chief may be announced today as transition gears up

(Newser) - The Barack Obama team is swiftly dismantling his presidential campaign network and getting the framework in place for the transfer of power, the Washington Post reports. Economic issues are taking priority and the president-elect may announce his Treasury secretary as soon as today. Sources say New York Fed Chief Timothy...

Candidates Diverge on Picking the Next Paulson

McCain looks to big names; Obama seeks to sooth markets

(Newser) - The post of Treasury secretary may be the most important appointment the next president has to make and John McCain and Barack Obama seem to be using different criteria, Bloomberg reports. McCain has mentioned big names like billionaire investor Warren Buffett and former eBay CEO Meg Whitman, while insiders say...

Washington Wants to Know Who Replaces Hank
Washington Wants to Know Who Replaces Hank
ANALYSIS
Sep 25, 2008 11:43 AM CDT

Washington Wants to Know Who Replaces Hank

Successor for Treasury Secretary a major question in bailout debate

(Newser) - With the Treasury Secretary looking to get $700 billion to spend on the bailout, Washington is starting to focus on who might replace Henry Paulson when a new administration takes over in January, the Post reports. Neither candidate has given in to requests for names, but speculation has centered on...

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