Minister Lagarde's exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economyIMF names Lagarde madame chairman Jun 28, 2011
Those in the U.S. financial community who are supporting these efforts to block resources and appointments are looking for leverage over the rules still being writtenEconomic Outlook: That boot-heel drag Jun 07, 2011
As Treasury exits its investment in Chrysler, it's clear that President Obama's decision to stand behind and restructure this company was the right oneObama touts auto industry recovery Jun 03, 2011
I'm actually pretty confident in that context we have the authority and the ability to make sensible choicesU.S. mulls rescue of small-business lender Jul 14, 2009
As the risk of catastrophic failure of the financial system has receded, the need for some of the emergency programs put in place during the most acute phase of the crisis has receded as wellTreasury winds down money market program Sep 18, 2009
Timothy Franz Geithner (pronounced /ˈɡaɪtnər/; born August 18, 1961) is an American economist, central banker, and civil servant. He is the 75th and current United States Secretary of the Treasury, serving under President Barack Obama. He was previously the president of the Federal Reserve Bank of New York.
Geithner's position includes a large role in directing the Federal Government's spending on the late-2000s financial crisis, including allocation of $350 billion of funds from the Troubled Asset Relief Program enacted during the previous administration. At the end of his first year in office, he continued to deal with multiple high visibility issues, including administration efforts to restructure the regulation of the nation's financial system, attempts to spur recovery of both the mortgage market and the automobile industry, demands for protectionism, President Obama's tax changes, and negotiations with foreign governments on approaches to worldwide financial issues.
Geithner was born in New York City, but spent most of his childhood in other countries, including present-day Zimbabwe, Zambia, India, and Thailand where he completed high school at the International School Bangkok. He attended Dartmouth College, in the tradition of his father and paternal grandfather, graduating with an A.B. in government and Asian studies in 1983. In the process he studied Mandarin at Peking University in 1981 and at Beijing Normal University in 1982. He earned an M.A. in international economics and East Asian studies from Johns Hopkins University's School of Advanced International Studies in 1985. He has studied Mandarin and Japanese.