The U.S. Treasury hit the debt ceiling Dec. 31, 2012 and is running out of avenues to avoid a default, Treasury Secretary Timothy Geithner has told Congress in a letter. According to
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Timothy Geithner has written a letter to Congress saying the federal government will hit the debt ceiling on Monday, Dec. 31, according to a CNN Money article. As a result, the Treasury Department
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Treasury Secretary Tim Geithner said Tuesday lawmakers should not put off an agreement to deal with the fiscal cliff of spending cuts and tax hikes until later, National Journal reports. Geithner told
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Treasury Secretary Timothy Geithner will play a supporting role in negotiations between the White House and Congress on how to resolve the fiscal cliff, GovExec reports. Steve Bell, a budget analyst at
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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
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The Senate Finance Committee on Thursday approved the nomination of Jack Lew, former White House chief of staff, as treasury secretary by a 19-5 vote, Politico reports. Kelsey Snell writes Lew’s nomination
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President Barack Obama could as soon as Thursday nominate White House Chief of Staff Jack Lew to succeed Timothy Geithner as treasury secretary, Federal Times reports. Lew previously served as director of
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White House Chief of Staff Jack Lew is the favorite to succeed Timothy Geithner as treasury secretary for President Barack Obama’s second term, Bloomberg reports. However, Hans Nichols and Julianna Goldman report
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The name of Google Chairman Eric Schmidt is being speculated for a post in President Barack Obama’s cabinet during his second term in office, the Washington Examiner reports. Paul Bedard writes potential
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President Barack Obama spoke with senior business leaders last weekend to discuss the upcoming fiscal cliff of tax increases and spending cuts, Reuters reports. Obama met with Boeing‘s Jim McNerney, JPMorgan Chase‘s Jamie
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