Timothy geithner

Does Tim Geithner Really Fly Coach Class?

The Treasury Secretary has been seen flying from DC to LA, on official business, among the mortals at the back of the plane. That is government policy - except when it isn't.

Geithner Media Tour Unlikely To Silence LIBOR Critics

U.S. Treasury Secretary Timothy Geithner appeared on a CNBC-sponsored conference Wednesday morning toeing the government's party that the New York Fed is not to blame for helping keep the evolving LIBOR rate-fixing scandal under wraps, even though they knew it was going on since at least 2007.

Monti urges political backing in euro crisis

Technocrat Prime Minister Mario Monti appealed to Italy's politicians on Wednesday to back his tough economic medicine to avoid Rome becoming the next victim of the euro debt crisis, after a bailout for Spain's banks failed to calm markets.

Erskine Bowles Not Interested in Treasury Post

Former White House chief of staff Erskine Bowles, whose name has surfaced as a potential successor to U.S. Treasury Secretary Timothy Geithner, said Sunday he does not want the job and has not been asked by Democratic President Barack Obama.

JPMorgan Losses Give Boost To US Sen. Sanders' Bank Bill

The recent multibillion-dollar trading loss suffered by JPMorgan Chase & Co. (NYSE: JPM), the country's largest bank by assets, has strengthened the case against letting bank executives serve as directors of Federal Reserve regional banks and thus regulating themselves, policy makers say.

FBI Launches Investigation Of JPMorgan Trading Losses

The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.

U.S.-China Dialogue Won't Be Delayed By The Chen Affair: Report

U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner are not planning to postpone their visit to China next week because of the reported American protection of a Chinese civil-rights activist who recently escaped house arrest, a State Department official said Saturday.

China Sets Record High Ceiling For Yuan

China's central bank expanded the yuan's reference rate against the dollar to another record high on Friday, in a nod to calls from the U.S. to loosen growth restrictions on the currency's value.

Social Security, Medicare Funds Running Out Faster: US

Social Security and Medicare programs are sliding closer to insolvency, the federal government warned Monday. The Social Security trust fund will be unable under current trends to fulfill its obligations in 2033, three years earlier than projected last year

Europe pressed for action to end debt crisis

Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time.

Retrospective Tax Law: US Seeks Reassurance From India

US Treasury Secretary Timothy Geithner pressed India’s Finance Minister Pranab Mukherjee on Thursday for reassurance that New Delhi welcomes foreign capital and remains committed to boosting bilateral trade and investment, following concerns connected to India's newly proposed retrospective tax measures.

Geithner says U.S. far behind on housing finance reform

The United States is far behind on reforming the country's housing finance system, where the government's mortgage buyers Fannie Mae and Freddie Mac provide funding for the bulk of U.S. home loans, Treasury Secretary Timothy Geithner said on Wednesday.

Wall Street Set To Pause; Fed Minutes Eyed

Stocks were set to take a breather on Tuesday after the S&P 500 climbed to a 4-year high and ahead of factory orders data and minutes of the latest Federal Reserve meeting.

Stock Index Futures Slightly Lower

Wall Street looked set to open slightly lower on Tuesday, with futures for the S&P 500 down 0.07 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.01 percent at 0821 GMT (04.21 EDT).

U.S. steps up its push to keep top World Bank role

The United States stepped up lobbying on Thursday for its pick to retain the top job at the World Bank as emerging markets pushed their view that the time has come for rich nations to share leadership of key institutions.

European Financial Crisis Provides Scary Lesson For The World

The perception, driven by bonds' performance, that the euro's success would continue unabated was shattered beginning in October 2009, when Greece’s 10-year yields soared to 10.3 percent. Today, U.S. policymakers may be making the same mistake in failing to recognize threats of a coming financial crisis.