Geithner Reaffirms Aug. 2 U.S. Debt Ceiling Deadline

The nation's highest-ranking fiscal official Friday reaffirmed the Aug. 2 deadline for raising the U.S. debt ceiling -- urging Congress to act soon to avoid the catastrophic economic and market consequences of a default crisis by raising the statutory debt limit in timely manner.

Stock index futures signal mixed open

Stock index futures pointed to Wall Street opening little changed on Friday, with futures for the S&P 500 down 0.1 percent, while futures for the Dow Jones were up 0.1 percent and Nasdaq futures were flat by 0830 GMT.

Geithner mulls leaving Treasury post: sources

Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make any decision until after debt limit negotiations conclude, people familiar with his thinking said on Thursday.

Geithner mulling departing post: report

Treasury Secretary Timothy Geithner has signaled to White House officials that he is considering leaving the administration after a deal to raise the U.S. debt limit is reached, Bloomberg News reported on Thursday, citing three anonymous sources.

Geithner Mulls Stepping Down: Report

In order to take a break from government service, U.S. Treasury Secretary Timothy Geithner is considering leaving his post after President Barack Obama and Congress reach an agreement on raising the national debt ceiling.


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India sought to join IMF Lagarde consensus

India supported France's Christine Lagarde as the International Monetary Fund's next leader because it wanted to be part of the consensus that was forming around her, Indian Finance Minster Pranab Mukherjee said on Tuesday.
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France's Lagarde elected new IMF chief

French Finance Minister Christine Lagarde on Tuesday was elected the managing director of the International Monetary Fund, maintaining Europe's grasp on the top job at global lender.
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U.S., India pledge cooperation on market access

Finance chiefs from the United States and India pledged on Tuesday to continue efforts to open up India's financial, retail, manufacturing and infrastructure sectors to competition but offered no specific measures to boost access for American firms.
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U.S.-India seek financial revamp

Talks to modernize India's financial sector and allow major retailers like Wal-Mart into the country's vast consumer market opened on Tuesday between top U.S. and Indian financial officials.
Geithner backs Lagarde as next IMF boss.

US Backs Lagarde As Next IMF Chief

The United States has officially declared its endorsement of France’s finance minister Christine Lagarde to be the next chief of the International Monetary Fund (IMF), virtually guaranteeing she will becomes its boss when its board meets next week.
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Europe's Lagarde set to win top IMF job

French Finance Minister Christine Lagarde looks set to emerge on Tuesday as the International Monetary Fund's new chief, maintaining the tradition of a European heading the global lender.
Will Taxes Rise on Jet-Owning Income Group?

Obama Deficit Reduction Plan May Tax Slice of Mega-Rich, Not Rich

If your adjusted gross income is under $250,000, you may get a reprieve, if the Obama administration's latest deficit reduction proposal becomes law after debt ceiling talks have concluded. The administration is now said-to-be seeking to increase taxes on a narrow slice of the mega-rich, such as owners of private jets.