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American may Create a Trillion $ Coin, then use it to pay their own DEBT!
American politicians are considering creating a $1trillion platinum coin which the US Treasury would pay to itself with the aim of reducing the country’s monumental debt.Treasury Secretary Timothy Geithner has the authority to mint platinum...Show More Summary
Geithner warns against delaying solution to fiscal crisis
Treasury Secretary Timothy Geithner on Tuesday warned against extending all the U.S. tax breaks to give Washington additional time to broker a deficit reduction deal, saying it would create more uncertainty in the markets.The Obama administration...Show More Summary
Meeting between U.S. and German finance chiefs leads to vow for more co-operation - but little else to give markets hope
Finance ministers from the U.S. and Germany today stressed the need for 'ongoing international cooperation' as the world's superpower weighed in on the eurozone debt crisis.U.S. Treasury Secretary Timothy Geithner and his German counterpart...Show More Summary
Geithner' Warned Bank of England Of Libor Woes' In 2008
US Treasury Secretary Timothy Geithner warned the Bank of England about Libor rate failures in 2008, four years before Barclays was fined over the scandal, it has been claimed. An email from Mr Geithner was sent on June 1, 2008 to Sir...Show More Summary
Paxman tears apart junior minister on Newsnight after she is sent to defend another of Cowardly Osborne's Budget U-turns
George Osborne has been branded a 'coward' after a young minister was 'sacrificed' by Jeremy Paxman on live TV when she was sent to defend another of the Chancellor's Budget U-turns. Economic Secretary to the Treasury, Chloe Smith, 30,...Show More Summary
Geithner delivers warning to Syria
June 6 - U.S. Treasury Secretary Timothy Geithner warns Syria of widespread economic sanctions, possible use of force. Deborah Gembara reports.
U.S. weighs release of oil reserves, world frets about Iran
(Reuters) - The United States is considering a release from its strategic oil reserves, Treasury Secretary Timothy Geithner said on Friday, acknowledging the harm that supply disruptions from Iran could have on the global economy. Rising...Show More Summary
US Federal government just keeps getting bigger and bigger
WASHINGTON (AP) -- Treasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare. Show More Summary
Thousands of parents will be better off on the dole after tax credit changes that could see families lose £4,000 a year
"The More you work, the Better off you will be" David Cameron. Changes to tax credit will mean 'going out to work makes no sense' for some couples, Rachel Reeves, the shadow Chief Secretary to the Treasury minister, will say in a speech...Show More Summary
"China should take fight to US over Iran"
The US slapped sanctions on China's Zhuhai Zhenrong Company Thursday for engaging in energy deals with Iran. Analysts believe the US was sending a signal to Beijing, after US Treasury Secretary Tim Geithner failed to get China's backing on the Iran issue. Show More Summary
EU veto 'no threat to coalition' - 12th Dec 2011
Lib Dem cabinet minister Danny Alexander defends the coalition partners' right to disagree over David Cameron's move. The chief secretary to the Treasury, Danny Alexander, has said the EU veto does not threaten the coalition, defending...Show More Summary
U.S. Calls on European Leaders to "Move Quickly" to sort out their Finances and help Prevent Another Global Meltdown - 11th Nov 2011
Europe has been warned it could be heading for a new recession next year because of a "vicious circle" of government debt, vulnerable banks and a lack of consumer spending. US treasury secretary Timothy Geithner said Europe must actShow More Summary
US Treasury Secretary Tim Geithner blasts China for 'systematically stealing' US intellectual property
US Treasury Secretary Tim Geithner has accused China of “systematically stealing” American companies’ intellectual property in an unusually blunt attack.“They have made possible systematic stealing of intellectual property of American...Show More Summary
As Europe stumbles, alarm bells sound for US and China
As Europe’s leaders dither in the gathering storm, its main trading partners are taking steps to safeguard their interests.The US Treasury secretary, Timothy Geithner, will be making on Friday his second trip to Europe in less than a...Show More Summary
Three years after Lehman, how could rogue trading still happen?
How ironic that it should be exactly three years to the day that Hank Paulson, then the U.S. Treasury Secretary, allowed Lehman Brothers to go to the wall, that an unauthorised loss of $2 billion from UBS’s investment banking operation...Show More Summary
Can China save Europe? (More importantly: Should we let it?)
In the late 1980s, developed nations helped bail out Latin America and other emerging markets.The issuance of so-called Brady bonds (named for the former Reagan/Bush-era Treasury secretary) enabled Brazil and other debt-laden countries...Show More Summary
Geithner heads to Europe as debt fears mount
U.S. Treasury Secretary Timothy Geithner makes a one-day trip to Poland this week for an unprecedented meeting with euro zone finance ministers as growing fears of a potential Greek debt default rip into Europe's banking sector.The trip...Show More Summary
Geithner: "We Write 80 Million Checks A Month" to dependent Americans
"Just remember, this is the United States of America. We write 80 million checks a month. There are millions and millions of Americans that depend on those checks coming on time," Treasury Secretary Tim Geithner told "FOX News Sunday.""Not...Show More Summary
Geithner: Never Thought Debt Talks Would Come 'This Close to The Edge'
Treasury Secretary Tim Geithner said Sunday that he did not initially think lawmakers would bring the debt-ceiling negotiations "this close to the edge," appearing taken aback by the lingering distance between the two sides with an Aug. Show More Summary
US must reach debt deal in just 24 hours: Tim Geithner joins warnings of market meltdown as deal goes to the wire
America risks a major backlash from financial markets unless the outline of a deal to prevent a government default is agreed in the next 24 hours, US Treasury Secretary Tim Geithner has warned.Tensions were running high across Capitol...Show More Summary