Report of the Secretary of the Treasury: Treasury Department, December 6, 1864.
Marathon Pundit (Free subscription) | 8 hours ago
Things are so bad in this country that even the New York Times is taking notice. The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer. Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon...
Maggie's Notebook (Free subscription) | 10 hours ago
Last week, in a meeting of the Joint Economic Committee, Republican Kevin Brady (Texas) asked Treasury Secretary, Timothy Geithner, if he would resign "for the sake of our jobs." Michael Burgess (R-Texas) told Geithner, face-to-face, "I don't think you should fired, I think you should have never been hired." And in a television interview, Democrat Peter DeFazio (Oregon) said America...
Instapundit.com (Free subscription) | 12 hours ago
CHRISTIAN SCIENCE MONITOR: America The Jobless: Ron Paul Wins, Timothy Geithner Loses? “A lot of Democrats are ‘upset and nervous’ with the administration’s handling of the economy.”
The Agonist (Free subscription) | 12 hours ago
This is just irritating. I think the president is [focused on Main Street]," Brown told CNN's "State of the Union." "I think the vice president is. I think the advisers are mixed." The Ohio Democrat was responding to a handful of House members -- Democrats and Republicans alike -- who this past week had criticized Timothy Geithner for mishandling the bank bailout and failing...
Loren Steffy (Free subscription) | 12 hours ago
Rep. Kevin Brady's smackdown of Treasury Secretary Timothy Geithner last week has renewed speculation that Geithner will be forced to resign. If you missed the show, here it is: Now, I know what you're thinking. Maybe we'll get a Treasury...
The Guardian (Free subscription) | yesterday
• Supporters admit international levy needs US support • Obama administration and Wall Street unenthusiastic Advocates of a Tobin tax on financial transactions accept that any international levy would need US support and an increasingly vocal coalition of Democrats in Washington is pressing a sceptical Obama administration to get on board. The fourth highest ranking Democrat in the House...
Progressive Alaska (Free subscription) | yesterday
--- by Jane Hamsher Yesterday [November 19th] shocked everyone . In an unprecedented move, the House Financial Services Committee voted to approve an amendment by Ron Paul and Alan Grayson to audit the Federal Reserve — the first time anything like this has happened in the Fed’s history. A push is already under way to remove the amendment on the House floor. Scott Lanman of Bloomberg :...
Institutional Financial Derivatives (Free subscription) | yesterday
The Drudge Report Months after Lyndon LaRouche denounced the behaviorist economists in the Obama Administration during his April 11 webcast, U.S. House Rep. Peter DeFazio (D-OR), speaking on MSNBC's The Ed Show, told host Ed Schultz that both Secretary of the Treasury Timothy Geithner and White House economic policy director Larry Summers should be replaced. DeFazio said: "We may have to sacrifice...
The Huffington Post (Free subscription) | yesterday
Despite carving out a niche for himself as a leading progressive voice in Congress, Senator Sherrod Brown (D-Ohio) rarely goes in for headline-grabbing proclamations or sharp political rhetoric. So on Sunday, when Brown stated his concern that some of the president's economic consultants were too focused on Wall Street at the cost of small business, it hardly seemed like some flippant remark. "I...
Open Left (Free subscription) | 11/21/2009
On Wednesday, Chris wrote a quick hit on Representative DeFazio's statement that there was "growing consensus" among Congressional liberals that Treasury Secretary Timothy Geithner should step down. He went on to say that Summers should go as well. Folks in the blogosphere have been saying as much for a long time now, but this seemed like something new, coming from a veteran Representative....
Sacramento Bee (Free subscription) | 11/21/2009
It's amazing to go back and read what people were saying about Timothy Geithner in the spring. Many people said he looked terrified as the Treasury secretary, like Bambi in the headlights. The New Republic ran an essay called “The Geithner Disaster.” Portfolio magazine ran a brutal, zeitgeist-capturing profile that concluded by comparing Geithner to Robert Redford's hollow-man character...
They gave us a republic (Free subscription) | 11/21/2009
As Digby has repeatedly shown, people blame Obama for the financial crisis, even though he didn't cause it or approve the initial Wall Street bailout. This is accurate and fair for two overwhelming reasons: Tim Geithner and Larry Summers. Hiring those two Wall Street shills to oversee the U.S. economy was hiring arsonists to put out a house fire. We and many others have been calling for the president...
BlogNetNews.com/Iowa (Free subscription) | 11/20/2009
Number of comments: 0 Forty-two percent (42%) of Americans say Treasury Secretary Timothy Geithner has done a poor job handling the credit crisis and federal bailout programs, according to a new Rasmussen Reports national telephone survey. Twenty percent (20%) rate Geithner's performance in these areas as [...]
NewsBusters (Free subscription) | 11/20/2009
At first glance it appeared that NBC's Meredith Vieira and David Gregory, on Friday's Today show, did a decent job of recounting all of the struggles the Obama administration is dealing with from unemployment to foreign policy, but ultimately the pair concluded, in every instance, they weren't actual problems, but merely problems of " perception ." First up Vieira mentioned Treasury Secretary...
Random Thoughts from Reno (Free subscription) | 11/20/2009
Should Oregon's Peter DeFazio run for president ? It's too soon to write off Obama, but he definitely better get his shit together on the economic front. These neoliberals like Larry Summers and Timothy Geithner need to be sent packing, for they have no concept of what is really needed in this country. Giving handouts to Wall Street while more and more people are jobless and chasing too few jobs is...
The 3 latest articles published by users on Department of the Treasury :
paisano1 | 02/10/2009
When the dust from the departing helicopter finally settled, America realized that the old “shrubs” of the last 8 years had been replaced with the seeds of new growth opportunities. Secretary of the Treasury, Timothy Geithner will most certainly review the current state of affairs and enact some significant new enhancements.
trymi | 01/03/2009
It was announced today by GMAC Financial Services that it has sold $5.0 billion of GMAC’s preferred membership interests and warrants to the U.S. Department of the Treasury as a member of the Troubled Assets Relief Program established under the Emergency Economic Stabilization Act of 2008. GMAC also made public that GM and an associate of Cerberus Capital Management made a contribution to GMAC the
lane | 09/23/2008
September 23rd, 2008 Imprudent financial policies have led to the crisis on Wall Street. For the moment in supporting unprecedented solutions, Treasury Secretary Henry Paulson says in effect he’s playing the hand dealt by his predecessors. And as for his role in essentially advocating nationalizing financial institutions, Federal Reserve Chairman Benjamin Bernanke is quoted as saying there are no ideologues
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