Topic: Timothy Geithner

After budget battle Act 1, will Obama, Reid, Boehner have an Act 2?

Looming debt-ceiling talks may be a bigger hurdle for the three negotiators than the hard-fought deal on the 2011 budget. As for a deficit-cutting plan? Obama and Boehner are starting far apart.
04/18/2011 02:18 pm

G20 ministers pledge cooperation in crisis

G20 meeting ends with pledge, but no clear indication of how far the G20 nations would go in the event of another financial crisis.
04/17/2011 10:55 am

G-20 discusses how to help Mideast and North Africa

G-20, a group of financial leaders from 20 of the world's biggest economies, meets in Washington to discuss challenges facing the global economy. The G-20 talks are focusing on how to prevent imbalances in trade and government debt.
04/15/2011 01:37 pm

Tax evasion: Why do so many Americans cheat?

Tax evasion, nonpayment, and underpayment are important factors in the $300 billion the IRS doesn't collect each year. Why the tax evasion? Lack of enforcement is one reason.
04/14/2011 12:11 am

Obama national debt plan: Will it all come down to taxes?

In a speech Wednesday, President Obama is expected to ask for 'shared sacrifice' – cuts and taxes – to rein in the national debt. But the GOP is adamantly against any new taxes.
04/13/2011 01:33 pm

Why Wall Street isn’t worried about a government shutdown

Wall Street insiders aren't worried the government might hang an 'out to lunch' sign. The market improved during the 1995 government shutdowns. Of greater concern: raising the debt ceiling.
04/07/2011 04:28 pm

The Daily Reckoning Japan was a 'zombie state,' even before the earthquake

The country has been living beyond its means for years, leaving future generations to pay
04/06/2011 09:41 am

Stock market in first quarter: best this century?

Stock market poised Thursday to turn in its best first-quarter performance since tech bubble. Can stock market keep climbing?
03/31/2011 07:55 am

Stocks slump amid global jitters. Tech falls.

IBM, General Electric and Microsoft lead the market lower. Dow falls more than 60 points initially.
03/16/2011 11:27 am

National debt ceiling 101: Is a crisis looming?

In a year of high drama over federal budgets, the nation’s so-called national debt ceiling is becoming a prominent part of the political debate. The Treasury is close to hitting this borrowing limit, yet many in Congress say the ceiling shouldn’t be raised without new commitments to put America on a path of fiscal prudence. Here’s a guide to how the ceiling works and what’s at stake for the economy.
03/08/2011 02:42 pm

Photos of the Day Photos of the day 03/08

Tax VOX Tax reform won't help most businesses

Non-corporate businesses may end up subsidizing tax breaks for corporations.
03/04/2011 11:06 am

Housing mess needs healing, not witch hunt, Warren says

Housing foreclosure settlement should focus on healing housing market, not punishing lenders, says consumer finance protection chief.
03/01/2011 10:58 pm

Federal Reserve chief warns GOP: Don't hold debt-ceiling vote hostage

Federal Reserve Chairman Ben Bernanke approves of plans to bring federal deficits under control, but he tells senators not to link such a move to a coming vote on raising the debt ceiling.
03/01/2011 02:44 pm

Should US draw on strategic reserves to temper rise in oil prices? (video)

Rapidly rising oil prices, and fears it could harm the US economy, make tapping the strategic reserves a tempting option. But analysts say it would work only for the short term.
02/24/2011 07:23 pm

Wisconsin protest shows state's evolving political history

Protesters filled Wisconsin's state capital for a week, demonstrating against Gov. Scott Walker's plan to cut union bargaining rights. How has the state's political mood shifted from left to right?
02/21/2011 02:01 pm

Obama makes Silicon Valley pilgrimage in quest to boost US innovation

President has made innovation the centerpiece of his push to revive the American economy. He traveled to Silicon Valley Thursday to woo CEOs in the capital of American innovation.
02/17/2011 06:00 pm

Fannie Mae and Freddie Mac 101: How much will we miss them?

The White House proposes to 'wind down' mortgage giants Fannie Mae and Freddie Mac. But they've been deeply entwined in the US mortgage market for decades. A look at how we got here.
02/11/2011 05:49 pm

The Vote Mitt Romney at CPAC: The big thing he didn't talk about

The possible GOP presidential candidate chided Obama's 'European-style' rule. But in Friday's speech at CPAC, Mitt Romney avoided a topic on which he may be vulnerable: health care.
02/11/2011 01:09 pm

Photos of the Day Photos of the Day 02/07

Causes of the financial crisis? Commission ends in hung jury.

In its final report, the Financial Crisis Inquiry Commission offers three views of the crisis -– essentially one from Democrats and two dissenting views by Republicans on the panel.
01/27/2011 07:22 pm

Tax VOX The winners and losers of corporate tax reform

Corporate tax reform is needed, but some companies would still get the short end of the tax stick.
01/20/2011 04:39 pm

The Monitor's View US and China summit: The clash of currencies

China's currency is making inroads in markets dominated by the US dollar --- even as Beijing manipulates the yuan's value. The US can't buy into Beijing's zero-sum view of the currency markets.
01/18/2011 03:52 pm

Donald Marron Debt limit will get raised. But who'll vote to do it?

Raising the debt limit is about politics, not economics.
01/18/2011 08:35 am

China's President Hu Jintao goes to Washington

As China and the US emerge from a year of diplomatic spats, Beijing appears more optimistic than Washington on what can come out of President Hu Jintao's visit to the White House this week.
01/18/2011 07:31 am