Geithner Tells Obama He’ll Remain at Treasury
By Ian Katz - Aug 7, 2011 5:48 PM ET
Treasury Secretary Timothy F. Geithner, a central figure in the U.S. government’s bailouts of Wall Street banks and efforts to raise the debt limit, told President Barack Obama that he intends to remain in his job.
Geithner, 49, will stay on at least through the 2012 election, according to an administration official who was not authorized to comment publicly.
Geithner, the last remaining member of Obama’s original economic team, made his announcement after months of speculation over his future. He told White House officials this year that he was considering leaving once a deal to raise the nation’s borrowing limit deal was reached. Obama signed an increase in the limit on Aug. 2.