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| Geithner could leave Treasury next fall |
| 2011-07-02 |
| (KUNA) -- Treasury Secretary Timothy Geithner has hinted to the White House that he could leave his job next fall, US media reported late on Thursday. First reported by Bloomberg News, White House officials said on condition of anonymity that Geithner told President Barack B.O.Obama that he is considering leaving his post when the White House reaches an agreement with Congress on raising the federal debt limit and if the US economic conditions are stronger. The speculation about his future started when Geithner said in a speech in Chicago at the Clinton Global Initiative "I live for this work" and added "it is the only thing I have ever done. I believe in it. We have a lot of challenges as a country. I am going to be doing it for the foreseeable future". The Treasury Secretary affirmed that the US risks of defaulting on its obligations if Congress failed to raise the USD 14.3 trillion federal debts ceiling by August 2, but negotiations between the administration and Congress have reached a stalemate in the past few weeks. Geithner reportedly wants to leave his job for personal reasons since his family is moving to New York next fall and his son is finishing his final year of high school. He plans to commute between New York and Washington next fall unless conditions allow him to leave his post. |
| Posted by:Fred |
| #8 There are many jumping ship. They don't want to be associated with this disaster. |
| Posted by: JohnQC 2011-07-02 17:17 |
| #7 Is that what you all were talking about with the Japanese way, war with China? |
| Posted by: swksvolFF 2011-07-02 16:50 |
| #6 My crystal ball says his replacement will be... hold on I need to concentrate; K, r, u, g, m, a.. sorry can't read the rest, too blurred, so no idea who it's to be. |
| Posted by: tipper 2011-07-02 16:37 |
| #5 wellll a job as Turbo Tax Spokesman is out, perhaps H&R Block? |
| Posted by: Frank G 2011-07-02 15:01 |
| #4 Yes of course, the 'stock'... more time with the family response. The jig is up. The Chinese Communists are dumping American bonds. Geithner's job is finished, he'll soon be returning to his first love and the real money, the Kissenger Foundation. Henry Kissinger made headlines on January 5, 2009 by proclaiming Barack Obama to be the architect of a “New World Order.” He told CNBC that “His task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It’s a great opportunity (at least for Kissenger and Assoc), it isn’t just a crisis.” But even more important than this eye-opening statement was where Kissinger made it¯the floor of the New York Stock Exchange (NYSE). The 2008 annual report of the U.S.-China Security and Economic Review Commission found that, “Since China joined the WTO [World Trade Organization] in 2001, the United States has accumulated a $1.16-trillion goods deficit with China and, as a result of the persistent trade imbalance, by August 2008 China had accumulated nearly $2 trillion in foreign currency reserves. China’s trade relationship with the United States continues to be severely unbalanced.” Thank you Henry and Tim. BTW, we have Messrs Chan, Peterson, Yuan, and Lady de Rothschild awaiting you in the VTC suite to discuss Asia Pacific Philanthropy Consortium issues, please don't keep them waiting. |
| Posted by: Besoeker 2011-07-02 05:45 |
| #3 Don't let the door hit 'ya where the good Lord split 'ya. |
| Posted by: crosspatch 2011-07-02 02:20 |
| #2 Geithner reportedly wants to leave his job for personal reasons I got my cut! I'm out of here! So-long Suckers! |
| Posted by: CrazyFool 2011-07-02 00:49 |
| #1 With any luck, he will be definitely out of his job as of January 2013. |
| Posted by: Rambler in Virginia 2011-07-02 00:19 |