Timothy Geithner | featured news

Geithner told a group of community bankers that the Treasury plans to soon offer smaller banks more capital by reopening a key financial rescue program.

The US carries a 'substantial' share of the blame for the economic crisis, says Treasury Secretary Timothy Geithner.

Treasury Secretary Timothy Geithner said on Tuesday that most U.S. banks have enough capital to keep lending but a pile of bad debts is fostering doubts about their health and slowing a recovery.

Some taxpayers -- and even some in the IRS -- resent what appears to be a double standard that favors powerful people like Cabinet nominees.

The Treasury secretary, who oversees the IRS, initially didn't pay all his taxes. Neither did five other top nominees for the Obama administration or their spouses.

U.S. Treasury Secretary Timothy Geithner said on Wednesday he would consider forcing out chief executives of banks that receive government bailouts if they were not managing their businesses properly.

Treasury Secretary Timothy F. Geithner plans to propose today a sweeping expansion of federal authority over the financial system, breaking from an era in which the government stood back from financial markets and allowed participants to decide how much risk to take in the pursuit of profit.

The top two U.S. financial officials told lawmakers angry over bonus payments to AIG executives that the government needs authority to shut down troubled institutions like the giant insurer to avoid future bailouts.

Geithner said the U.S. must provide significant amounts of financing to the private sector to restart financial markets.

President Obama on Monday moved to fill three top jobs at the Treasury Department to help Secretary Tim Geithner manage the federal bureaucracy charged with helping the nation's struggling economy.

Treasury Secretary Timothy Geithner says government will spend up to $100 billion to join private investors in buying up to $1 trillion in bad sub-prime mortgages, securities and other ailing assets.

The Obama administration today formally unveiled details of its long-awaited plan to help cleanse banks and financial institutions of bad home loans and toxic securities, making a calculated gamble that partnering with private investors to buy the assets will stabilize the crisis while limiting the