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.
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In Pictures: Who's who in the US debt crisis
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Out of options in debt ceiling talks? Nope, here are five.
How many ways are there to resolve the debt ceiling crisis? Frustration is mounting in both political parties as an Aug. 2 deadline looms to avoid default on America's debt obligations and deficit-reduction negotiations are gridlocked. Still, at least five options for handling the matter have been discussed in recent days and months. Other possible solutions may emerge, but here’s the state of play on the options to date.
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In Pictures: Obama's West Wing
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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.
All Content
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Investors peek over 'fiscal cliff' and find ... blue skies?
Professional investors see plenty of minefields, but many believe a congressional deal will avert the worst of the 'fiscal cliff.' Another plus: Beyond the 'fiscal cliff' is a slowly improving economy.
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'Fiscal cliff': Finger-pointing furiously, Congress slouches toward deadline
Speaker Boehner, who called the House back into session Sunday evening, said Thursday it was up to the Senate to act, while majority leader Reid spoke on the Senate floor of a 'dysfunctional' GOP caucus.
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General Motors to buy back US-owned stake. US to lose billions?
General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
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Fiscal cliff: Obama, Boehner speak frankly (+video)
As the battle over the United States' 'fiscal cliff' continues, President Obama and Representative Boehner spoke directly at the White House on Thursday.
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Susan Rice's surprise withdrawal saves Obama a fight (+video)
UN ambassador Susan Rice, once perceived as a natural replacement for Hillary Clinton as Secretary of State, has withdrawn her name from the nomination process. It now seems likely that President Obama will pick Senator John Kerry for the role.
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Energy Voices
A123 sale to China: threat to US security?The sale of advanced battery maker A123 to China's Wanxiang Group could recoup US taxpayer funds. But critics warn the threats to US security outweigh any benefits from the pending sale of A123.
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'Fiscal cliff': Has Obama overdone the PR? (+video)
It's possible, especially to folks paying close attention to fiscal cliff negotiations. But with polls showing support for tax hikes on the wealthy, he appears to be leveraging public opinion effectively.
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Obama remains firm, new poll shows support for position on 'fiscal cliff'
While insisting that tax rates go up on the top 2 percent of American earners, President Obama has called for government spending cuts but by less than the Republicans want.
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Timothy Geithner, John Boehner edge toward the 'fiscal cliff'
With less than a month before the 'fiscal cliff' imposes automatic tax increases and spending cuts, Treasury Secretary Timothy Geithner and House Speaker John Boehner dueled rhetorically on the Sunday TV news programs.
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Decoder Wire
'Fiscal cliff' proposal: Is Obama trying to peeve GOP?President Obama's fiscal cliff plan calls for, among other things, $1.6 trillion in tax increases over 10 years. But what really appears to annoy Republicans is the lack of specificity on spending cuts.
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'Fiscal cliff' road trip: Is Obama trying to paint GOP as Scrooge?
President Obama travels Friday to a toy factory in suburban Philadelphia, where he will say early agreement on keeping middle-class tax cuts would provide certainty for holiday shoppers. But after Thursday's blowup with the GOP on Capitol Hill, a deal seems far away.
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Fiscal cliff talks stall. Will a deal get done by Christmas?
Fiscal cliff deadline is a month away, but Republicans and Democrats are blaming each other for the inability to get a deal done that would prevent automatic spending cuts. The uncertainlty over the fiscal cliff talks is already having a financial impact, sending the stock market on a roller coaster ride.
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'Fiscal cliff' talks turn sour: Are prospects for deal vanishing?
House Speaker John Boehner charges that 'no substantive progress has been made' to avoid the Dec. 31 fiscal cliff, but such comments are a part of negotiating, an expert says.
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Stocks rise and fall with twists in budget talks
Stocks rose modestly Thursday on hopes that a budget deal would be reached in Washington. Promising optimistic reports also sent stocks upward.
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'Fiscal cliff' looms, White House and Congress continue discussions
Obama and Boehner's 15-minute phone call came amid increasing anxiety that the White House and top Republicans are wasting time.
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Robert Reich
Will Timothy Geithner lead us over or around the fiscal cliff?Timothy Geithner sees the world through the eyes of Wall Street rather than Main Street, Reich writes, which complicates fiscal cliff negotiations.
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Stop the presses! A tally of newspaper endorsements for president
Mitt Romney and Barack Obama are beginning to collect endorsements from major US newspapers. Some are full-throated, others tentative. In metropolitan areas, they could make a difference in the race.
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As global economy slows, Chinese factory shifts sights from Europe to home
China's economy has slowed dramatically, as factories produce less – and buy less from the world. At the Kaiyee factory, workers who churned out toys for overseas kids now stitch scarves for Chinese.
- 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.
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Geithner meets eurozone leaders: a step toward taming debt crisis?
In Europe, US Treasury Secretary Geithner backs the European Central Bank's pledge to do 'whatever it takes' to save the eurozone from a potential breakup and boost economic growth.
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Apple's earnings miss could undermine wobbly market
Apple stock falls in after-hours trading after it reports disappointing quarterly earnings and revenue. Apple faces same headwinds as other multinationals with lower earnings this quarter.
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Senators push Bernanke: Was Fed asleep in the LIBOR rate scandal?
Fed Chairman Ben Bernanke was questioned by senators Tuesday about the central bank's role in the LIBOR rate-setting scandal. He said the Fed had pushed for reform of the rate setting process in 2008 when it became concerned about manipulation of the influential benchmark.
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LIBOR scandal: Will Feds target not just employees, but a whole bank?
If a bank reporting its lending rates has given intentionally inaccurate numbers, that could be a crime, say experts. Prosecutors have been poring over documents related to LIBOR for two years.
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Tax VOX
Congressional senior moment? Flip-flopping on Bowles-SimpsonSuddenly, the tough budget reform proposed by Alan Simpson and Erskine Bowles is getting a second look. Oh, politicians don’t love the real plan, but they are positively enamored of their own self-edited, stripped-down versions.
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The Vote
'Robin Hood tax': What is it and why does Occupy want it?As Jamie Dimon testifies before Congress (again), Occupy protesters don pointy hats to promote the 'Robin Hood tax' on stock and bond transactions – an idea Washington opposes.
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