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: Timothy 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: Enough oil on hand to weather crisis
U.S. Treasury Secretary Timothy Geithner said Thursday that there is substantial capacity across major world economies in strategic oil reserves in the event of a supply disruption. 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. 22, 2010 at 10:32 a.m.
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Filed under: China, Economy, International, Policy, Politics, Trade U.S. plan hits G20 headwinds
The United States struggled on Friday to win backing for its proposal of setting numerical targets for external imbalances as a way of pressing surplus countries such as China to let their exchange rates rise.
In a letter to fellow finance ministers of the Group of 20 leading economies, U.S. Treasury Secretary Timothy Geithner said countries should implement policies to reduce their current account imbalances below a specified share of national output. Get the full story »
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 »
Head of consumer agency promises to be ‘tough cop’
Elizabeth Warren, Obama's choice to head new U.S. consumer agency. (AP)
The Harvard professor President Barack Obama is putting in charge of a new consumer protection agency says people need a “tough cop on the beat” to protect them from financial industry abuses.
Obama was naming Elizabeth Warren on Friday as a special adviser to both him and Treasury Secretary Timothy Geithner. The financial regulatory bill Obama signed into law this year created the bureau to be an advocate for consumers in their dealings with banks, mortgage companies and other financial institutions.
