President Barack Obama’s three-day Florida golf getaway featuring a round with Tiger Woods opened him to criticism of tone-deafness for playing when he’s at a budget impasse with Congress that threatens automatic spending cuts in less than two weeks.
An improving jobs picture and soaring stock market are likely to ease pressure on President Barack Obama and congressional Republicans to resolve a budget standoff, even as both sides prepare for a long struggle.
Timothy F. Geithner, who ended his term as Treasury secretary in January, is planning to write a book about the U.S. response to the 2008 financial crisis, according to a person familiar with his plans.
Treasury Secretary Timothy F. Geithner will stay in his post through President Barack Obama’s inauguration as the administration negotiates with Congress to avert the so-called fiscal cliff, White House press secretary Jay Carney said today.
Timothy F. Geithner’s replacement by Jack Lew as Treasury secretary will end a period of unusually strong ties between the department and the Federal Reserve. For the Fed, the result may be less insulation from critics, yet greater influence in financial market regulation.