Timothy geithner

Startup America Program Moving Too Slowly

Last winter, President Barack Obama, Treasury Secretary Timothy Geithner and a small posse of White House officials made a big show as they swept through Northeast Ohio to kick off their Startup America initiative that promised to help seed new ventures and create jobs. Eight months later, Ray Leach is still waiting.

Geithner urges EU to do more to solve crisis

Treasury Secretary Timothy Geithner on Wednesday urged European leaders to act more forcefully to solve Europe's escalating debt crisis and said they have the financial and economic capacity to do so.

Gold Down As European Leaders Take Action on Debt Crisis

Gold fell by nearly 1 percent on Tuesday after European leaders appeared to take a fresh step toward quelling the euro zone debt crisis, which dented other safe-haven assets, in spite of more data highlighting the fragility of the U.S. economy.

Geithner tries to boost confidence in Europe

Treasury Secretary Timothy Geithner on Wednesday tried to shore up confidence in Europe's ability to solve its escalating debt crisis, saying they had the financial and economic capacity to do so.

Fed Set to Give Economy Therapy, Not Shock Treatment

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

Gold Retreats in European Trading

Gold eased on Tuesday, taking its cue from the decline on the stock market after a downgrade of the debt of two major French banks because of their holdings of Greek debt.

Moody's Cuts French Banks' Ratings as Euro Crisis Deepens

Moody's Investors Service cut the credit ratings of France's Credit Agricole SA and Societe Generale on Wednesday, citing their exposure to Greece's debt, a fresh blow to euro area leaders struggling to restore confidence in the region.

Global Stocks Fall as Euro Crisis Saps Confidence

Asian stocks, U.S. index futures and the euro fell on Wednesday as investors remained unconvinced that euro zone leaders have a coherent plan to tackle the bloc's sovereign debt problems, which many fear could trigger a new banking crisis.

Fed set to give economy therapy, not shock treatment

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

Fed to give economy therapy, not shock treatment

The Federal Reserve, facing rising global financial strains and recession fears, is poised to increase downward pressure on longer-term interest rates next week in a bid to accelerate a sputtering U.S. recovery.

Counting the cost if EMU fails

Greece's exit from the euro zone would inflict untold damage on Europe's economy, further burnish the attractiveness of a rising Asia and hasten the emergence of China's yuan as a global currency.

International alarm over euro zone crisis grows

International alarm over Europe's debt crisis reached new heights on Tuesday, with U.S. President Barack Obama pressing the bloc's big countries to show leadership as talk of a Greek default escalated and markets heaped pressure on Italy.

Car industry urges bold action over euro debt

Car industry executives from around the globe urged Europe's politicians to take bolder steps to solve the bloc's two-year-old debt crisis, warning its single currency could be derailed without more decisive action.

Geithner to urge bigger EFSF, rapid action: source

Treasury Secretary Timothy Geithner is likely to urge euro zone finance ministers on Friday to speed up ratification of changes to their bailout fund and consider boosting its size, an EU source said on Tuesday.

U.S. Investors Concerned Europe Debt Crisis Will Worsen

U.S. investors remained concerned that Europe's leaders are not getting ahead of the Greek crisis, which could result in a full-fledged Europe bank crisis, even as German Chancellor Angela Merkel, while not committing more German funds to possible intervention, again dismissed talk of a Greek default.

Stock Futures Signal Weaker Wall Street Open

Stock futures pointed to a weaker open for equities on Wall Street on Tuesday after ending higher in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.0 to 1.3 percent.

Japan sees G7 understanding on forex action

The yen took a back seat at the Group of Seven finance ministers' meeting, which grappled with Europe's debt crisis and global economic slowdown, but Japan said it met little resistance to further intervention.

Wall Street tumbles as ECB discord stirs fears

U.S. stocks tumbled on Friday after the top German official at the European Central Bank resigned in protest of the bank's bond-buying program, which has been a major tool in fighting the region's debt crisis.

Analysis: Obama Jobs Plan Reinvigorates Growth Outlook

President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.

Analysis: Obama jobs plan reinvigorates growth outlook

President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.

Economic Gloom Piles Pressure on G7 Finance Talks

G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 credit crunch.

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