George Stephanopoulos asks a great question while interviewing Timothy Geithner today: Stephanopoulos: How firm is the President’s commitment to this proposal? If, for example, the Congress passes an extension of the tax cuts for the wealthy, will the President veto it? Geithner: Again, what the President believes is the best strategy for the country is […]
Elizabeth Warren has been one of the most sound voices during this financial crisis. Republicans and Democrats have both looked up to her analysis of the problems plaguing our economy and have touted her as one of the brightest minds when it comes to economics. Tim Geithner – not so much. So this story should […]
The news yesterday that Timothy Geithner may have helped cover up AIG’s financial problems is sparking a House investigation: A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc. The House Oversight Committee is responding to news that key details […]
Instead of letting Congress vote on one, the IRS went ahead and gave it to them: The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial […]
I guess rumors are starting to fly that the Republicans may try to filibuster the confirmation of Timothy Geithner. Harry Reid has already issued a soft warning on it: “I would frankly think it would not be very wise politically to do that,” Reid told told reporters. “We have a president who is very popular, […]