Without an extension of unemployment insurance as part of a fiscal cliff compromise, more than 2 million Americans, or roughly 43 percent of those receiving unemployment benefits, will lose Emergency Unemployment Compensation (EUC) benefits at the end of the year, according to a report from the Department of Labor.
Sen. David Vitter (R., La.) is questioning the Treasury Department’s withholding of thousands of pages of emails concerning a potential carbon tax bill from a nonprofit conservative think-tank.
The developing Libor scandal has ensnared Obama Treasury Secretary Timothy Geithner, the Washington Post reports.
The New York Federal Reserve and its then-chairman Timothy Geithner were informed as early as 2007 about problems pertaining to Libor, a critical interest rate that sets the tone in the global marketplace, according to the Washington Post.
Treasury Secretary Tim Geithner will resign his post at the end of the year, according to his father-in-law, who was overhead dishing on his kin at a New York restaurant.
Jake Siewert, Treasury Secretary Tim Geithner’s former counselor and White House press secretary during the Clinton administration, has taken a job at Goldman Sachs.
Treasury Secretary Timothy Geithner admitted on Thursday that President Obama’s fiscal year 2013 budget – the most expensive in United States history – would put the country on an “unsustainable” course if enacted. Additionally, Geithner told House Budget Committee chairman Paul Ryan (R., Wis.) that the Obama administration does not have a “definitive solution” to the debt crisis facing the country. The White House does know, however, that it definitely does not like the Republican solution.
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