Treasury Secretary Tim Geithner will hold deficit-reduction talks with congressional leaders Thursday, officials said Wednesday. Geithner will meet separately with Senate Democratic leader Harry Reid, Senate Republican leader Mitch McConnell, House Speaker John Boehner and House Democratic leader Nancy Pelosi. Geithner will “continue discussing the actions we need to take to keep our economy growing and find a balance approach to reduce our deficit,” the statement said.
Treasury Secretary Timothy Geithner on Tuesday said it was “deeply implausible” that Republicans won’t agree to a fiscal-cliff deal over objections to upper-income tax hikes. Speaking at the Wall Street Journal’s CEO Council event in Washington, Geithner said it’s a “good” recognition on the part of Republican leadership of the need for increased revenue. “You have Republican leadership acknowledging in public that they are prepared to increase revenue, that’s an important change,” Geithner said. He said there just aren’t enough loopholes to close to generate the revenue that increased taxes on the top 2% would generate.
Treasury Secretary Tim Geithner told President Barack Obama that he will remain at his post through Inauguration Day, White House spokesman Jay Carney said Friday. Geithner will be a “key participant” in the upcoming negotiations between the White House and bipartisan congressional leaders on a plan to avert the fiscal cliff, Carney said.
Treasury Secretary Timothy Geithner on Thursday put pressure on opponents of new regulations for the $ 2.7 trillion money-market-fund industry by urging a super-council of federal regulators to strongly back new rules for the industry. Geithner’s new push, which comes in the form of a letter to regulators, comes after Securities and Exchange Commission chairman Mary Schapiro acknowledged in August that she didn’t have the votes at the agency to move forward with a plan of her own to impose further regulation of the industry. The group, known as the Financial Stability Oversight Council, is scheduled to meet privately Friday. [...]
Europe’s debt crisis remains the biggest drag on the global economy, but the region is in a much better situation today than it was, U.S. Treasury Secretary Timothy Geithner said on Tuesday. “For the first time they have in place a plausibly powerful set of financial tools to support a strategy,” Geithner said. The European Central Bank said earlier this month it stands at the ready to buy unlimited amounts of bonds issued by euro zone member states if they put in a formal request for aid and fulfilled strict domestic policy conditions. Speaking at the Clinton Global Initiative conference [...]
Treasury Secretary Timothy Geithner will travel to India and Japan from Oct. 9- Oct.13, the Treasury Department announced Wednesday. Geithner will begin his trip with a visit to Delhi, India, to participate in the third annual meeting of the U.S.-India Economic and Financial Partnership with Indian Finance Minister Palaniappan Chidambaram. After a stop in Mumbai, Geithner will travel to Tokyo for the annual meetings of the World Bank and International Monetary Fund on Oct. 11-13. Geithner will conduct a series of bilateral meetings with global finance ministers to discuss efforts to promote growth and stability, the department said.
U.S. Treasury Secretary Timothy Geithner will meet with German Finance Minister Wolfgang Schaeuble on Monday on the North Sea island of Sylt, according to reports Friday citing the German Finance Ministry. The two leaders will hold a news conference. No details were given for the purpose of the talks. A Treasury spokesman had no immediate comment on the announcement. Geithner is due to give a speech on Tuesday in Los Angeles.
SYDNEY – Japan plans to reduce its dependency on Iranian oil amid growing global unease with the nation’s nuclear program, media reports Thursday said. “In the past five years, we have reduced… the amount of oil imported [from Iran],” Japan Finance …