All Posts Tagged With: "treasury secretary"
Tim Geithner is not expected to stay in his role at the US Treasury Department much longer, which leaves many market observers speculating who his replacement will be. If it’s up to Warren Buffet, the billionaire Omaha investor, he’d choose JPMorgan Chase (NYSE: JPM) Chief Executive Jamie Dimon. Geithner has expressed a desire to leave [...]
Timothy Geithner, the Secretary of the Treasury warned on Tuesday that extending all the tax breaks in the U.S. to give additional time to Washington to broker a deal for deficit reduction would only create additional uncertainty across all markets. Congress and the White House Administration have just seven week to put together a deal [...]
President Barack Obama met with congressional leaders last Sunday night at the White House to discuss about raising the country’s debt limit. The Treasury secretary warned that if they failed to do so, it could result to a catastrophic damage not just to the American economy but the global economy as well. The credit of [...]
Ratings agency Moody’s warned last Thursday that it would cut the United States’ credit rating if its government doesn’t raise the debt limit by mid-July. Treasury Secretary Timothy Geithner tried to convince the legislators to increase his borrowing capacity and avoid a government default. He had a 45 minute meeting with first term members of [...]