Geithner expected not to reprise role in gov't

Geithner is still expected to leave around the time Obama is sworn in on Jan. 20, meaning he will not reprise his role as a top negotiator for the president in the next fiscal showdown looming over raising the US debt ceiling.

Several reports said that Geithner would leave by the end of the month, despite the brewing rows with Congress.

Geithner, a key player in Obama's effort to revive the US economy since the worst recession in decades, has long been known to be keen to return to New York, where he was president of the local Federal Reserve Bank.

“Secretary Geithner has previously stated that he plans to be at Treasury until around the inauguration,” said a Treasury spokesperson Thursday.

“We do not plan to make any further announcements about the timing of the Secretary's departure until after his successor is named.”

Geithner's signal will stir immediate speculation over his successor, with White House chief of staff Jack Lew, a veteran Washington insider, seen as the favorite for the post.

The Treasury secretary had previously delayed his departure to help Obama maintain the economic recovery and to play a major role in the successful effort to avert the fiscal cliff budgetary crisis this week.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Newtown students return to class in wake of tragedy

NEXT ARTICLE
Venezuela accuses opposition of 'psychological war'

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit