Topic: Timothy Geithner

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Briefing
Obama vs. Romney 101: 3 ways they differ on regulation

Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
In Pictures: Who's who in the US debt crisis
Out of options in debt ceiling talks? Nope, here are five.
In Pictures: Obama's West Wing
National debt ceiling 101: Is a crisis looming?

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Why Republicans want to save parts of the Obama jobs bill

The Senate rejected the Obama jobs bill last week, but both Senate Democrats and House Republicans are trying to resurrect parts of it. Problem is, they can't agree on which parts.
'Occupy Wall Street' the Left's Tea Party? Maybe, but...

If Occupy Wall Street coalesces into something like a real movement, the Democratic Party may have more difficulty digesting it than the GOP has had with the Tea Party.
Stocks rise in response to European bank help

The Dow jumped 183 points to close at 11123, bringing its three-day gain to 434 points
Behind Europe's debt crisis lurks another Wall Street bailout

A Greek (or Irish or Spanish or Italian or Portuguese) default would have roughly the same effect on our financial system as the implosion of Lehman Brothers in 2008
Would Obama's jobs plan help avoid a recession?

Economists from 28 firms offered estimates about the jobs plan to Bloomberg News. They disagreed on how effective it would be – and the cost could be high.
Emerging markets to Europe: Fix it!

Emerging markets like China and Brazil, as well as US, are urging European ministers to address its sovereign debt woes. But emerging markets, US lack consensus on solution.
$3 trillion in US deficit reduction? OK, but how you do it matters.

$3 trillion is the cost of Obama's plan that would help put America on sounder footing, many finance experts say. But such fiscal adjustments can be tricky for the economy, IMF report warns.
Did Ron Suskind get it wrong in 'Confidence Men'?

Journalist Ron Suskind is being criticized for inaccuracies and misquotes in 'Confidence Men,' his book on the Obama White House.
Ron Suskind's critical book on Obama sparks controversy

Some sources now say that scathing remarks about Obama and his administration are "fiction [and] distortion."
Stock prices fall on worries over Greece

Stock prices plummeted in Europe and stock futures were down in the US after EU ministers failed to expand a bailout fund to help Greece. Bank stock prices led the decline in Europe.
At eurozone meeting, ministers find unity only in rejecting Geithner

At a meeting of European finance ministers in Poland, leaders largely rejected proposals from Treasury Secretary Timothy Geithner on how to rescue the ailing eurozone.
Stock market has second-best week in a year

Stock market rises for fifth straight day as optimism rises about Europe's debt problems. Major stock market indexes still down for the year.
Irene was 'act of God.' What quip says about Michele Bachmann campaign.

The Michele Bachmann campaign is calling her quip about God and natural disasters an obvious joke. But the incident sheds some light on her style and resilience as a campaigner.
Should Obama go on vacation while markets are so skittish?

Some say vacationing now sends the wrong message, while others say that presidents need breathers, too – and note that his Monday speech sent the Dow further downward.
Dow takes another dive: what is making investors worried

Obama, Bernanke, and Geithner meet as investors worry that political leaders – in the United States and Europe – and central banks can't do much more to support a weak economy.
Was S&P right? Congress responds to credit downgrade with sniping.

S&P downgraded its credit rating for US debt Friday, citing a lack of congressional leadership to find compromise on deficit reduction. Somewhat ominously, congressional leaders responded to the news with partisan shots.
As congressional debt-ceiling plans founder, eyes turn to executive option

There is growing pressure on President Obama to simply declare an increase in the debt ceiling by executive order and tell everyone else: Deal with it.
Can the Treasury Department really run out of money?

Probably not, because the Federal Reserve would probably not bounce a check from Treasury. But that might violate the debt ceiling.
No deal yet on debt crisis. How will Asian markets and Wall Street react?

Washington’s self-imposed deadline to do something credible on the debt crisis before the Asian financial markets opened on Sunday passed in silence. "There could be extreme turmoil in markets," says one expert.
US now faces two debt ceiling deadlines: Asian financial markets and possible default

As the clock ticks toward government default, House Speaker John Boehner says he’ll have a plan by the end of the day Sunday. Asian financial markets and Wall Street are watching closely.
Obama and congressional leaders hold grim Saturday meeting on debt crisis

President Obama convened an unusual Saturday meeting with Congressional leaders on the looming government default. The session lasted less than an hour, and the atmospherics appeared grim.
In Pictures: Who's who in the US debt crisis
'Gang of Six' plan hailed as debt-ceiling breakthrough. What's in it?

The proposal by the 'Gang of Six' senators Tuesday draws on ideas from the deficit commission. The middle-of-the-road plan will have to overcome partisan concerns and a lack of time.
America doesn't need a debt limit

The debt limit debate allows politicians to grandstand on fiscal responsibility. But the debt limit doesn't control how much America borrows. Congress does.
All of a sudden, Congress is full of debt ceiling solutions

With the deadline approaching, the House and Senate are going down two different paths in search of a deal to raise the debt ceiling. Here is a rundown of what they are considering.