Jan. 3, 2013
Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
Geithner, who spent his years as Treasury secretary battling the financial crisis and then fighting with Republican lawmakers in 2011 over raising the U.S. debt ceiling, has wanted to leave government service for some time...
The Treasury Department said it did not plan to make any further announcements about the timing of Geithner's departure until after his successor is named.
"That is a lot of experience and steadiness that you would be getting rid of," said Steve Bell, a former Senate budget committee staff director who is now an economic policy director with the Bipartisan Policy Center.
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Economic Policy Project