Tag: Timothy Geithner

Timothy Geithner
Wednesday, February 27th 2013 - 05:10 UTC

Jack Lew closer to becoming US Treasury Secretary; Senate votes Hagel for the Pentagon

Next Treasury Secretary Lew (R) has fans among Republicans but Hagel (L) arrives at the Pentagon quite bruised

Jack Lew won the Senate Finance Committee’s approval to become US Treasury secretary and a full vote in the upper house confirmed Chuck Hagel as the next US defense secretary. The Senate approved the nomination Tuesday in a vote of 58 to 41.

Friday, January 11th 2013 - 08:25 UTC

Obama nominates budget expert to replace Geithner as Treasury Secretary

Lew’s loopy signature will be printed in the US currency.

US President Barack Obama on Thursday nominated his chief of staff, Jack Lew, as the next Treasury secretary, praising him as a expert on the pressing national issues of spending cuts and deficit reduction.

Thursday, November 15th 2012 - 06:38 UTC

“A modest tax increase on the wealthy is not going to break their backs” said Obama

Obama has long opposed extending the Bush-era tax cuts for earnings above 250.000 dollars a year

President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.

Friday, November 9th 2012 - 06:01 UTC

Why foreign policy holds the key to Obama’s second term

Timothy Geithner and Hillary Clinton are stepping down from cabinet

President Barack Obama’s victory over Mitt Romney is a landmark moment in US politics. He is only the second Democratic president to win re-election since Franklin Roosevelt in 1936, doing so despite a very challenging economic headwind of sluggish growth and comparatively high unemployment in the United States.

Wednesday, July 18th 2012 - 17:03 UTC

Geithner defends US response during the 2008 Libor-rate credibility slump

US Treasury Secretary at the time was head of New York Fed Reserve

US Treasury Secretary Timothy Geithner defended his response in 2008 to concerns that emerged over the benchmark Libor interest rate, arguing on Wednesday that US regulators pushed early and forcefully for reforms.

Friday, June 1st 2012 - 02:20 UTC

Spain calls on US and IMF for political support in helping the banking system

Deputy PM Saenz de Santamaria met on Thursday with Treasury Secretary Timothy Geithner and IMF chief Lagarde

The United States and Spain discussed the possibility that direct loans from Europe's emergency fund could be a solution for ailing European banks, Spanish Deputy Prime Minister Soraya Saenz de Santamaria said Thursday.

Monday, April 23rd 2012 - 09:40 UTC

IMF governing panel calls for more action from Euro zone to prevent recession

Singapore Finance Minister Tharman Shanmugaratnam, head of IMF panel

Europe was pressed by other world powers to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery.

Monday, March 26th 2012 - 09:40 UTC

US supports competition but confident its nominee will lead the World Bank

Geithner “Kim commands broad support across the world”

Jim Yong Kim, the US nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, US Treasury Secretary Timothy Geithner said in an interview.

Monday, December 5th 2011 - 06:44 UTC

Crucial week for Euro stability takes off in Paris with Sarkozy-Merkel meeting

On Friday the Merkozy duet must come up with some agreed project

French President Nicolas Sarkozy and German Chancellor Angela Merkel meet on Monday in Paris the kick off for a round of talks involving European leaders, the European Central Bank (ECB) and US Treasury Secretary Timothy Geithner, culminating in Brussels on Friday with an EU summit.

Saturday, October 15th 2011 - 04:25 UTC

Developing economies proposal to double size of IMF shot down by main members

IMF has very substantial resources uncommitted, said Geithner

Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis immediately ran into resistance from the United States and others, burying the idea for now and firmly putting the onus back on Europe.

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