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Treasury Secretary Geithner Stays On

1 min read
Tim Geithner

Treasury Secretary Timothy Geithner announced Sunday he is staying on the job at President Barack Obama’s request.

Reuters reports Geithner considered stepping down after the federal debt ceiling was raised. However, Obama urged him to remain in his post amid growing economic uncertainty and fears over a possible double-dip recession.

“I love my work,” Geithner said in an interview with CNBC. “And I think if a president asks you to serve, you have to do it.”

Geithner is the only member of Obama’s original economic team to remain in office. Forbes reports Sen. Jim DeMint (R-S.C.) and Rep. Michele Bachmann (R-Minn.) both called for Geithner to leave his job after Standard & Poors announced its downgrade of the U.S. AAA credit rating to AA+.

Click here to watch the full CNBC interview with Geithner.

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