Geithner to stay, atleast for now | business | Hindustan Times
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Geithner to stay, atleast for now

business Updated: Jul 01, 2011 23:00 IST
Mark Landler

Treasury secretary Timothy F Geithner said on Thursday that he planned to stay in his job “for the foreseeable future.” The comments came in a frenzied afternoon of speculation after news reports that he was considering leaving the Obama administration in the coming months, after a deal is reached with Congress to reduce the budget deficit.

“I live for this work, it’s the only work I’ve done, and I believe in it. I’m going to be doing it for the foreseeable future,” Geithner said.

Earlier in the day, two administration officials familiar with the situation had said that family issues were weighing on Geithner, as well as the recognition that there was a window of opportunity for him to leave after a debt deal was reached.

If Geithner departs, he would be the last member of Obama’s economic brain trust to leave after two-and-a-half years of turmoil.

The New York Times