The recent financial crisis taught us an enduring lesson. Financial literacy is essential not only to the financial security of millions of American families, but also to the economic health of our nation as a wholeHigh school financial literacy promoted Sep 13, 2010
It's critical that we support the process of repair and recovery in the housing marketU.S. seeks buyers for foreclosed property Aug 11, 2011
Professor Warren has done an extraordinary job standing up the Consumer Financial Protection BureauActing consumer director selected Jul 27, 2011
Despite what you hear, and this is a complicated place, Washington, people are moving closer togetherHouse passes balanced budget act Jul 19, 2011
The average cost of Medicare for the average beneficiary when fully phased in would go up by $6,500 a yearGeithner: GOP cuts a 'tax hike' on seniors Jul 10, 2011
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.