Sources: Geithner May Leave Treasury After Debt Debate
- Posted on June 30, 2011 at 4:01pm by
Billy Hallowell
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Treasury Secretary Timothy F. Geithner has allegedly told White House officials that he is considering exiting his administration post after President Barack Obama and Congress come to an agreement on the nation’s debt limit. Bloomberg’s Hans Nichols has more:
Geithner hasn’t made a final decision and won’t do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to discuss private discussions.
The Treasury secretary has said the U.S. risks defaulting on its obligations if Congress doesn’t raise the $14.3 trillion debt ceiling by Aug. 2. The administration and congressional Republicans are at an impasse in negotiations to raise the limit, which also is tied to efforts to cut the nation’s long- term deficit.
According to three sources, Geithner, 49, has made it known that he needs a break from the federal government following the nation’s fiscal turmoil in the wake of the collapse of Wall Street firms. Additionally, sources say that family obligations and considerations are at play in his decision. Nichols has more:
If Geithner does leave the administration, Obama would be losing a member of his economic team who understands Washington institutions and the New York banking world as well as the intricacies of the Chinese economy. Geithner has pressed the Chinese to let their currency appreciate faster to reduce the global imbalances that both he and Obama have blamed for financial uncertainty.
Read the rest here.
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Comments (171)
EveLeRieux
Posted on June 30, 2011 at 4:29pmTRun but there is no where to hide Tim. Your master won’t be in office forever.
Report Post »cloudsofwar
Posted on June 30, 2011 at 4:28pmDon’t let the door hit you on the ass on the way out.
Report Post »Randyrocker
Posted on June 30, 2011 at 4:28pmTimothy Geithner a total disaster as the Secretary of the Treasury who has driven the United States right into a financial iceberg with his captain of the ship, a total idiot who is screaming ‘full speed ahead’ as the USA Titanic crashes and collapses with everyone on board realizing that the USA Titanic has NO LIFEBOATS nor any LIFESAVERS for its people to save themselves from the country’s total destruction.
It may be likely that this fool Timothy Geithner is likely to attempt to run for the job of heading the World Bank, a job that NWO Hillary Clinton wants desperately and will be terribly upset about losing should she lose to this failure of a Secretary Treasurer, a completely un American sell out, who couldn’t give one good god damn about the American people to begin with. If he deserves anything, he deserves a good kick in the a** as he walks out the door.
Report Post »LINKSTER
Posted on June 30, 2011 at 4:28pmHope and change. Get rid of this guy. In addition to all his other shortcomings, I have never seen a decent photo of Geithner. Good riddance, even Obummer can’t polish a turd.
Report Post »Brontefan
Posted on June 30, 2011 at 4:27pmThis guy should never have been given the job in the first place. He is not a definitive on economics and was a tax cheat–which proves those who consider themselves “above reproach” don’t bother to pay until they are caught. No loss here. In fact, we need to trash the Keynesian economics model, send it back to Harvard’s lab, and revive Milton Friedman’s concepts. Check out Thomas Sowell’s writings.
Report Post »cntrlfrk
Posted on June 30, 2011 at 4:25pmJust like he left Wall Street after bringing it down.
Nice path of destruction there, Timmy.
.
Report Post »mrsmileyface
Posted on June 30, 2011 at 6:37pmI wonder where Hurricane Timmy will hit next?
Report Post »Galvanized
Posted on June 30, 2011 at 4:24pmThe sooner the better, and I hope Mr. Geithner leaves with a bang…I’ll even pay for the bullet.
Report Post »UBETHECHANGE
Posted on June 30, 2011 at 4:24pmGood riddance you NWO puppet.
Report Post »autumnsmommie
Posted on June 30, 2011 at 4:22pmHey, are you (Giethner) going to take Buranke with you? Please say yes, oh please say yes!! Time to get rid of the FED!!!
Report Post »Godswatching
Posted on June 30, 2011 at 4:29pmAmen!! I could not agree more!
Report Post »Sy Kosys
Posted on June 30, 2011 at 4:20pmAWWWWW Poor Timmy :(
Time to get a gov’t grant for Turbo Tax school, before those evil Republicans and jet owners keep their ill-gotten profits
Do me a favor, see if Hillary can get you a spot on China’s economic council…..
Report Post »ICEDRAGONNITE
Posted on June 30, 2011 at 4:17pmHe’s getting out of town before the rope comes.
Report Post »RepubliCorp
Posted on June 30, 2011 at 6:37pmthe turbo-economy software didn’t work?
Report Post »Falcon11
Posted on June 30, 2011 at 4:16pmTalk about incentive to get a deal done?
Report Post »spreadcommonsensenot pc
Posted on June 30, 2011 at 4:16pmthese progressive cowards do their damage then RUN TIMMY RUNNNNNNnnnnnnnnnnn
Report Post »Truthbeliever2
Posted on June 30, 2011 at 4:16pmPersonally I hope they raise the debt ceiling one more time, only b/c I’m not ready for the crashand burn. But in my heart I know this house of cards must fall before the country is able to become independent again. When our independance is realized we will become a powerhouse in the world again. If they do not raise the debt ceiling… so be it. It will be a good thing.
Report Post »Drum Man
Posted on June 30, 2011 at 4:11pmDon’t go away mad, just GO AWAY!
Report Post »NOKOOLAIDDRINKER
Posted on June 30, 2011 at 4:10pmYea?? so when the US economy crashes he won’t be around to be the fall guy for the Obama administration? Is he going back to the Federal Reserve Bank or to Goldman Sachs???
Report Post »does this burka make me look fat?
Posted on June 30, 2011 at 4:09pmGood riddance!!
Report Post »chazman
Posted on July 1, 2011 at 7:20amYes! You look like an absolute PIG in that thing! Go take it off!
(what a screen name …)
Report Post »crisco34
Posted on June 30, 2011 at 4:08pmIm constantly amazed that no one finds it ironic that a guy who was unable to use turbo tax properly is in charge of the treasury …
Report Post »NOKOOLAIDDRINKER
Posted on June 30, 2011 at 4:19pmIt‘s because with arogance and stupidity he’s the perfect fool, otherwise known as a useful idiot. Dumb enough to do what he’s told.
Report Post »Blackhawk1
Posted on June 30, 2011 at 4:28pmNot that ironic, Charlie Rangel used to be in charge of writing the tax code and he didn’t pay his taxes either. It’s called being a Liberal Democrat. Do as I say, not as I do!
Report Post »autumnsmommie
Posted on June 30, 2011 at 4:29pmOh trust me I knew about it when He was appointed. How can someone run the treasury department if they cannot use turbo tax? Easy It was apart of the plan to bring America Down on the “Global Level” these progressives and Goerge Soros are seeking. Remember what Obama said “America’s greatness has come and pass”. Just wait Obama, Just wait. You ain’t seen nothing yet.
Report Post »Snowleopard {gallery of cat folks}
Posted on June 30, 2011 at 4:08pmLet him leave and get someone in there who gives a care about the nation and not just pushing the socialist progressive agenda to destroy the nation.
Report Post »Restored One
Posted on June 30, 2011 at 4:19pmLike that is gonna happen.
Report Post »Dustoff
Posted on June 30, 2011 at 4:56pmHmmm look who gave him the job in the first place. )-:
Report Post »RepubliCorp
Posted on June 30, 2011 at 6:34pmDumbo will give charlie rangel the job
Report Post »TH30PH1LUS
Posted on June 30, 2011 at 4:07pmThe Bilderberg Pawn has served his purpose. Now he’s being shuffled off to another square in the game of Global Dominance. Soros has another Sith apprentice lined up to take his place.
http://en.wikipedia.org/wiki/List_of_Bilderberg_participants#United_States
Report Post »Showtime
Posted on June 30, 2011 at 4:17pmI was just wondering about the same thing. Geithner would not resign this cushy job unless he had a place to go.
(I can give him a hint one where to go!)
Report Post »Crawfish Festival
Posted on July 1, 2011 at 3:08amGood Thinking, TH3!
Thanks for the information.
Report Post »CatB
Posted on June 30, 2011 at 4:07pmHe should leave … for FEDERAL PRISON!
Report Post »crisco34
Posted on June 30, 2011 at 4:06pmalmost makes me hope for the repubs to cave just so tim the tax cheat would begone ….
Report Post »Mandors
Posted on June 30, 2011 at 4:06pmSomeone needs to buy Geitner a broom. It‘s the only thing he’s qualified to do after he leaves Treasury.
Report Post »cheezwhiz
Posted on June 30, 2011 at 4:11pmHe can have the broom when Nazi Policei is not using it to commute
Report Post »vennoye
Posted on June 30, 2011 at 6:41pmPerhaps this means that all the loose ends are tied up…….his gig is done!! Can now go back to Fed, IMF or World Bank.
Report Post »Gonzo
Posted on June 30, 2011 at 4:05pmGosh, he’ll be really hard to replace. Maybe the D.C. Zoo has an extra chimp they could loan out.
Report Post »CatB
Posted on June 30, 2011 at 4:09pmHe looks like a Santa elf .. perhaps Santa has one to send to replace him. Anything would have to be an improvement .. Tax cheat Timmy isn’t so bright.
Report Post »Rogue
Posted on June 30, 2011 at 4:31pmPerhaps Timmy has finally skimmed enough cash off the top of the Treasury to pay off his taxes. Then again, maybe he’s got a cushy job waiting for him at The Fed, for his years of covering for thier crimes against the nation. Bernanke better watch his back or he’ll be out of a job.
Report Post »hauschild
Posted on June 30, 2011 at 4:45pm@CATB
You’re right about the elf description when talking about Tiny Tim. Actually, the first time I saw him on TV, I was in the gym and the TV had no sound. So, I thought his image was a spoof or skit and was waiting for the “un-doctored” photo to appear alongside. To my surprise, those were actually his ears, as alien as they appeared.
Report Post »Dustoff
Posted on June 30, 2011 at 4:54pmHis replacement is what scares me…. yes folks, it could get worse. Look who gave this jerk is job in the first place.
Report Post »Eric_The_Red_State
Posted on June 30, 2011 at 6:21pmDUSTOFF has a point.
It could be STEPHEN LERNER for all we know.
Or ANDY STERN
Actually – I hope it’s someone like that so that Obama shows his true colors before the election.
Report Post »dealer@678
Posted on June 30, 2011 at 9:27pmEverybody is leaving . Does that tell you anything. It tells me alot. Stock up on food and bottled water folks
Report Post »TH30PH1LUS
Posted on June 30, 2011 at 4:05pmHit and run, eh Timmy?
Report Post »cheezwhiz
Posted on June 30, 2011 at 4:10pmWhy wait that long Timmy ? Won’t Goldmansux pay you if you leave now ?
Report Post »I’m sure if Scooby Doo replaces you, he would do a better job than you
HKS
Posted on June 30, 2011 at 4:11pmWell, I guess he can’t screw it up any more, time to leave. Failure is imitate get out of Dodge.
Report Post »Want our country back
Posted on June 30, 2011 at 4:13pmThanks Timmy, Screw the country and your job is done…… hope he doesn’t change his mind & stay
Report Post »Divineliberty
Posted on June 30, 2011 at 4:13pmThe rats are fleeing before the ship sinks
Report Post »BoiseBaked
Posted on June 30, 2011 at 4:14pmGeithner. That rhymes with mental defective. Not really, but close enough.
Report Post »Showtime
Posted on June 30, 2011 at 4:14pmHit and run! Good one!
Geithner should have resigned a LONG time ago! (And his cronies, too!)
Report Post »CatB
Posted on June 30, 2011 at 4:15pmSad thing is these idiots always seem to get a BETTER new job .. still in the government … I wish many would just GO AWAY .. including Hillary Clinton … geez I am sick of these people.
Report Post »sooner12
Posted on June 30, 2011 at 4:16pmDon’t let the door hit you on the way out.
Report Post »Restored One
Posted on June 30, 2011 at 4:18pmDont let the door hit you in a$$ on your way out. Thanks for nothin!
Report Post »hauschild
Posted on June 30, 2011 at 4:18pmIt’ll be interesting to find out whether he “jumped” or “was pushed”.
He’s either tweaked that Obama might not continue to destroy America the way the two had planned (at least short term), or Obama is sacrificing his “Little Timmy” in order to get re-elected.
Either way, I don’t give a damn, but the sooner the better. Also, Since we all realize now that Obama is not terribly bright and has poor judgment and has a child-like outlook on life, I’d remain terrified of how he would choose to replace the current failure. Might be one of those things that you have to be careful what you wish for.
Report Post »Gold Coin & Economic News
Posted on June 30, 2011 at 4:24pmYou can only tells lies for so long before it gets to you, that is unless you are the Father of Lies, Obama himself.
Report Post »Ronko
Posted on June 30, 2011 at 4:26pmGood he needs to go
Report Post »pajamash
Posted on June 30, 2011 at 4:31pmPlease God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God!v Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God!v Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God!v Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God!vv Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God!v Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God! Please God!
Report Post »ABT123
Posted on July 1, 2011 at 4:05pmWhy doesn’t the House pass a law that says:
Report Post »“If the debt ceiling is reached, this is the priority of payments:
1. All interest on the debit payments
2. Social Security
3. Medicare
4. Medicaid
5. DOD
6. –
7. – as necessary
8. -
9. – the last to be paid (if there is anything left)
10. –
11. IRS
12. Department of Education
13. All the Czars
14. Senate pay checks
15. House Pay Checks
16. Presidents pay check
-
Let’s see the Democrats explain, either not voting for it, or Obama vetoing it…
Eric_The_Red_State
Posted on June 30, 2011 at 4:33pmFlush the toilet and send them ALL packing.
Report Post »(A lot from BOTH sides)
Showtime
Posted on June 30, 2011 at 4:42pmThe Simon Wiesenthal Center criticized the White House today for opening talks with the Muslim Brotherhood in Egypt. The Center referred to a news wire story quoting a unidentified senior U.S. official and confirmed today by Secretary of State Hillary Clinton, citing, “The Brotherhood’s rise in political prominence” as the reason for the change in the White House position. “The political landscape in Egypt may have changed since the end of the Mubarak regime,” said Rabbi Marvin Hier, founder and dean of the Simon Wiesenthal Center. “But the Brotherhood’s hatred of Jews and Israel has not changed at all. This seems like a sell out to the European position and I hope it is not a signal that the United States will acquiesce to Europe and begin talking to Hamas as well.”
A few weeks ago, the leader of the Muslim Brotherhood in Egypt, Mohamed Badie (pictured left) said, “Allah has warned us the tricks of the Jews, and their role in igniting the fire of wars… and they labor hard to spread corruption on earth: and Allah does not love the spreaders of corruption.”
Rabbi Hier continued, “We should not be talking to an organization that can lay claim to being the world’s leading purveyor of anti-Semitism and hatred of Jews. Legitimizing the Muslim Brotherhood sends the wrong message that you can hate Jews, and still sit and talk with world leaders.”
Report Post »Dustyluv
Posted on June 30, 2011 at 4:51pmHe needs to be in PRISON!!!
Report Post »momprayn
Posted on June 30, 2011 at 4:55pmYAY!!!! Think this is a big deal! Something going on – as usual! Good sign Obama & crew are very panicked & don’t know quite what to do = FAIL. Been waiting for this to happen (& praying). Rumor had it that he was the main one that orchestrated the big crash in 2008 when Obama was running and McCain was ahead in the polls. They figured that would fit into their plans very nicely….and…..it did. Another one is Eric Holder & of course Valerie Jarrett (who is said to really be the one with the power and authority telling Obama what to do). Think there are Dems/traitors of Obama there that are doing what they can to make him a one-termer – especially now with his polls way down. I pray if this is true, it will be exposed w/enough proof to bring all of these criminals to justice. Please God!!!! JUSTICE AND TRUTH !!!!!!!!!!!!!!!!!!!!!!
Report Post »chazman
Posted on June 30, 2011 at 4:55pmGoodby Timmy! And don’t ever make the mistake of thinking that we, the American Patriot’s, will ever forget about you, because we won’t …
Report Post »fastfacts
Posted on June 30, 2011 at 5:13pmObama’s Administration is Jumping Ship. Who will be left?
Report Post »getalong
Posted on June 30, 2011 at 5:21pmWill he be leaving in handcuffs?
Report Post »jackkdanialz
Posted on June 30, 2011 at 5:28pmTic tic tic tic tic tic……………………….
Report Post »gbo
Posted on June 30, 2011 at 6:02pmTimmeh!
Report Post »the hawk
Posted on June 30, 2011 at 6:41pmPlease GOD Please ! !
Report Post »vtxphantom
Posted on June 30, 2011 at 6:47pmRat jumping ship? Sad to say, but there are many more stupid rats out there to replace this rat.
Report Post »Welcome Black Carter
Posted on June 30, 2011 at 6:49pmGreat. My prediction – His replacement will be black or latino and will do more damage than he did.
Report Post »the_zazzy
Posted on June 30, 2011 at 6:52pmBoy, that would sure be a blow to our economy. I wonder what tax-cheat he’ll be replaced with? Hey, why not Chris Dodd or Bawny Fwank?? They know a thing or two about our current economy, don’t they?
Report Post »PATTY HENRY
Posted on June 30, 2011 at 6:59pmLOL…all the King’s Czars, all the King’s flunkies…all of them could leave and Obama will still loose.
Report Post »banjarmon
Posted on June 30, 2011 at 8:11pmTake BO with you!!!
Report Post »GETLIFE
Posted on June 30, 2011 at 8:48pmWell it’s ABOUT time! This guy has looked like he’s about to drown since the beginning. Like when you’re a kid and the pool is just a bit too deep and you have to stand on your tippy tippy toes to keep your head above water….
Report Post »Truth Wins Every Time
Posted on June 30, 2011 at 9:51pmGeithner says to Obama…….look dude, when the SHTF, you think I am taking the heat? No way buddy. You and I are in this together and I’m not letting you throw me under the bus.
Report Post »Glenn in Virginia
Posted on June 30, 2011 at 10:07pmGood riddance to bad rubbish.
Report Post »BSdetector
Posted on July 1, 2011 at 7:10amWhat ever will we do without this genius in charge of OUR money???
Report Post »saneasylum
Posted on July 1, 2011 at 2:46pmIt’s about 3 years too late Timmy………Oh by the way did you ever get those taxes straightened out???
Report Post »