Treasury Secretary Timothy Geithner said on Tuesday there is no risk the United States could lose its top-tier AAA credit rating as politicians move closer to agreeing on how to slashing the massive U.S. debt. Get the full story »
Inside these posts: Geithner
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Geithner urges ‘balance’ from Europe on crisis steps
U.S. Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc’s debt crisis. Get the full story »
Geithner: Mortgage costs to rise with reform
Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be “modestly higher” after reforms are completed to the national housing finance system. Get the full story »
Geithner gauging support for big U.S. tax change
Treasury Secretary Timothy Geithner speaks at the Johns Hopkins School of Advanced International Studies on Jan. 12, 2011. (Tim Sloan/AFP/Getty Images)
The Obama administration is exploring ways to boost tax incentives for corporate investment in the United States, Treasury Secretary Timothy Geithner said Wednesday, ahead of his meeting with chief financial officers from some of America’s biggest companies.
“We’re examining whether we can find political support for a comprehensive tax reform — revenue neutral — but that would improve incentives for investing in the United States,” Geithner said in comments after a speech at Johns Hopkins University’s School of Advanced International Studies.
Geithner is expected to meet with CFOs of major U.S. companies including Microsoft Corp and Cisco Systems on Friday to hash out ideas for simplifying and trimming the corporate tax — nearly the highest in the industrialized world. Get the full story »
Geithner says China needs faster yuan rise
China’s yuan currency remains “substantially undervalued” and it is in Beijing’s own interest to let it appreciate more rapidly to ward off inflation risks, U.S. Treasury Secretary Timothy Geithner said on Wednesday. Get the full story »
U.S. to press China on yuan ahead of Hu visit
The United States wants a “real, demonstrative commitment” from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahead of next week’s state visit by China’s Hu Jintao. Get the full story »
Geithner urges quick resolution of tax cut issue
Treasury Secretary Timothy Geithner says the administration remains opposed to a permanent extension of tax cuts for the wealthiest Americans, something strongly favored by Republicans. He says it is critical for Congress to resolve the issue before the end of the year.
Oct. 15, 2010 at 11:10 a.m.
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Filed under: China, Economy, International, Policy, Politics, Trade U.S. to judge China yuan policy as election nears
The Obama administration faces a tough call Friday whether to label China a currency manipulator, a move long demanded by many U.S. lawmakers but also a potentially big wrench in an important relationship. Get the full story »
U.S.: Markets must be allowed to drive currencies
Failure by global institutions to make a coordinated push to persuade countries such as China to let their currencies’ value rise would endanger the global economy, U.S. Treasury Secretary Timothy Geithner said Wednesday. Get the full story »
Geithner aims to calm Wall Street on finance rules
U.S. Treasury Secretary Timothy Geithner on Monday promised not to swamp Wall Street with red tape and vowed to move quickly to put in place new rules for the financial marketplace to dispel uncertainty. Get the full story »
Geithner: World economy needs yuan reform
Reuters | U.S. Treasury Secretary Timothy Geithner said on Thursday that reform of China’s exchange rate is “critically important” to the U.S. and global economies, and that a more flexile yuan was in China’s interest.
