Category: TIMOTHY GEITHNER
Treasury To Tap Pensions To Help Fund Government
(Zachary A. Goldfarb) The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt. Treasury Secretary Timothy F. Geithner has warned for months that the [...]
Geithner Predicts Double-Dip If Congress Fails To Lift Debt Ceiling
(Stacey Kaper) Treasury Secretary Tim Geithner said if Congress fails to lift the debt ceiling and the U.S. defaults on its obligations “this abrupt contraction would likely push us into a double dip recession,” painting the most explicitly dire prediction to date of the consequences of inaction. In a heavily-anticipated response to Sen. Michael Bennet, D-Colo., who [...]
