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| | |deputy=n | | |deputy=n |
| | |president=[[Barack Hussein Obama]] | | |president=[[Barack Hussein Obama]] |
| − | |terms=January 26, 2009-Present | + | |terms=January 26, 2009-February 28, 2013 |
| | |preceded=[[Henry Paulson]] | | |preceded=[[Henry Paulson]] |
| | |former=n | | |former=n |
| − | |succeeded= | + | |succeeded=[[Jack Lew]] |
| | }} | | }} |
| | | | |
| | }} | | }} |
| − | '''Timothy Geithner''' (b. 1961) became the [[Secretary of the Treasury]] in the [[Obama Administration]] in January, 2009. [[Image:Geithner1.jpg|thumb|370px|Critics feared Geithner's vague plans would crash]] Geithner got off to a very bad start, as his programs from 2008 have worked poorly, he was ridiculed and humiliated during his confirmation hearings for not paying taxes (even though he has admitted to using tax software Turbo Tax, which would have clearly showed him the errors). | + | '''Timothy Geithner''' (b. 1961) became the [[Secretary of the Treasury]] in the [[Obama Administration]] in January, 2009. [[Image:Geithner1.jpg|thumb|370px|Critics feared Geithner's vague plans would crash]] Geithner got off to a very bad start, as his programs from 2008 have worked poorly, he was ridiculed and humiliated during his confirmation hearings for not paying taxes (even though he has admitted to using tax software Turbo Tax, which would have clearly showed him the errors). Unpopular, he resigned after Obama got a second term and was replaced by White House Chief of Staff [[Jack Lew]]. |
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| | ==Career== | | ==Career== |
| | Educated at Dartmouth and Johns Hopkins, he spent many years abroad. Previously he was president of the powerful Federal Reserve Bank of New York. Geithner started as a Republican and changed his voter registration — to Independent — only in the late 1990s, when he became under secretary for international affairs in the [[Clinton administration]]. | | Educated at Dartmouth and Johns Hopkins, he spent many years abroad. Previously he was president of the powerful Federal Reserve Bank of New York. Geithner started as a Republican and changed his voter registration — to Independent — only in the late 1990s, when he became under secretary for international affairs in the [[Clinton administration]]. |
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| − | He is a nonpartisan technical expert who worked for both Republican and Democratic administrations.
| |
| | ==President of New York Federal Reserve Bank== | | ==President of New York Federal Reserve Bank== |
| | In 2008 he was deeply involved in the complex moves by the Federal Reserve and the Treasury to [[bailout]] banks in the [[Financial Crisis of 2008]]. That included $700 billion in money sought by president [[George W. Bush]] and passed by bipartisan majorities in Congress in October, 2008, and trillions in loan guarantees made by the Federal Reserve on its own authority. Geithner now is the person most responsible for bringing recovery to the economy. | | In 2008 he was deeply involved in the complex moves by the Federal Reserve and the Treasury to [[bailout]] banks in the [[Financial Crisis of 2008]]. That included $700 billion in money sought by president [[George W. Bush]] and passed by bipartisan majorities in Congress in October, 2008, and trillions in loan guarantees made by the Federal Reserve on its own authority. Geithner now is the person most responsible for bringing recovery to the economy. |