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Content Tagged As geithner

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  • US taps pension fund to avoid passing debt limit

    January 15, 2013 5:46 PM

    WASHINGTON - Treasury Secretary Timothy Geithner says the government has begun borrowing from the federal employee pension fund to keep operating without surpassing its debt limit. Geithner says in a letter to congressional leaders that the move will free up $156 billion in borrowing authority while Congress debates increasing the... more »
  • Geithner: Gov't could pass debt limit by mid-Feb.

    January 14, 2013 4:08 PM

    WASHINGTON - Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government will exhaust its borrowing limit as soon as mid-February, earlier than expected. The government reached its $16.4 trillion borrowing limit on Dec. 31, but began using bookkeeping maneuvers to keep from surpassing it. In a letter... more »
  • Geithner: Obama seeks 28 percent corp. tax rate

    February 22, 2012 11:06 AM

    WASHINGTON- Treasury Secretary Timothy Geithner says the current business tax system is bad for business and for job creation and says a plan by President Barack Obama to reduce corporate tax rates would make the tax system more globally competitive. The Obama administration is proposing to lower the corporate tax... more »
  • Geithner says he will stay at Treasury

    August 7, 2011 3:54 PM

    WASHINGTON - Timothy Geithner has told President Barack Obama that he will remain on the job as Treasury secretary. The Treasury Department released a statement Sunday saying Geithner had informed the president of his decision to remain in the administration. Geithner is the only remaining top official on Obama's original... more »

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