Geithner

From being in the midst of a disturbed neighbourhood, under the leadership of Prime Minister Narendra Modi, India's relations with its neighbours have improved, Union Finance Minister Arun Jaitley said.

Timothy Geithner says in a new memoir that he considered stepping down as Treasury secretary in 2010 after the financial crisis and suggested Hillary Rodham Clinton as a possible successor.

Five years ago, a series of black cars and SUVs lined up outside the Federal Reserve Bank of New York in lower Manhattan, ferrying some of the most important people in the US financial system to a series of meetings to discuss the fate of Lehman Brothers.

The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of a bitter political fight over the government's budget.

In the summer of 2007, as storm clouds gathered over the world's financial system, then-New York Federal Reserve President Timothy Geithner allegedly informed the Bank of America and other banks about the possibility the US central bank would lower one of its critical interest rates, according to a senior Fed official.

The US had hit the $16.4 billion debt ceiling on December 31. Since then it has employed "extraordinary measures" to avoid any default, but it might end up mid-February if the debt limit is not increased, he said.

The White House has not categorically ruled out the possibility of minting a $1 trillion coin if the US Congress fails to raise the debt limit.

President Barack Obama plans to nominate his chief of staff Jack Lew as his next Treasury secretary, replacing Timothy Geithner, US media reported on Wednesday.

Furious last-minute negotiations between the White House and the Senate Republican leadership Monday secured a tentative agreement to allow tax rates to rise on affluent Americans, but the measure was not going to pass in time for Congress to meet its Dec. 31 deadline for averting automatic tax increases and spending cuts deemed a threat to the eco...

US stocks fell for the fourth day on Thursday, sliding to session lows at midday as a measure of investor anxiety hit its highest in five months after a top Senate Democrat warned that an agreement to avoid fiscal austerity measures would not be reached by the end-of-year deadline.

Republican House Speaker John Boehner accused President Barack Obama of pushing the country toward the "fiscal cliff" on Friday and of wasting another week without making progress in talks.

The government is on track to hit its $16.4 trillion borrowing limit later this month. And while the Treasury can keep the government functioning through early next year, President Barack Obama is bluntly insisting that any deal on the fiscal cliff include an end to brinkmanship on the debt ceiling.

President Barack Obama and Republicans crept closer to negotiations on avoiding a recession-threatening package of automatic tax increases and spending cuts, but the White House reaffirmed it would not budge on demands for higher taxes on the wealthy.

Treasury Secretary Timothy Geithner said on Sunday that he "can't promise" that the United States won't go over so-called fiscal cliff, insisting it is up to congressional Republicans.

The White House is seeking $1.6 trillion in higher taxes over a decade and an immediate infusion of funds to aid the jobless, help hard-pressed homeowners and perhaps extend the expiring payroll tax cut, officials said Thursday as talks aimed at averting an economy-rattling "'fiscal cliff" turned testy.

From being in the midst of a disturbed neighbourhood, under the leadership of Prime Minister Narendra Modi, India's relations with its neighbours have improved, Union Finance Minister Arun Jaitley said.

Timothy Geithner says in a new memoir that he considered stepping down as Treasury secretary in 2010 after the financial crisis and suggested Hillary Rodham Clinton as a possible successor.

Five years ago, a series of black cars and SUVs lined up outside the Federal Reserve Bank of New York in lower Manhattan, ferrying some of the most important people in the US financial system to a series of meetings to discuss the fate of Lehman Brothers.

The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of a bitter political fight over the government's budget.

In the summer of 2007, as storm clouds gathered over the world's financial system, then-New York Federal Reserve President Timothy Geithner allegedly informed the Bank of America and other banks about the possibility the US central bank would lower one of its critical interest rates, according to a senior Fed official.

The US had hit the $16.4 billion debt ceiling on December 31. Since then it has employed "extraordinary measures" to avoid any default, but it might end up mid-February if the debt limit is not increased, he said.

The White House has not categorically ruled out the possibility of minting a $1 trillion coin if the US Congress fails to raise the debt limit.

President Barack Obama plans to nominate his chief of staff Jack Lew as his next Treasury secretary, replacing Timothy Geithner, US media reported on Wednesday.

Furious last-minute negotiations between the White House and the Senate Republican leadership Monday secured a tentative agreement to allow tax rates to rise on affluent Americans, but the measure was not going to pass in time for Congress to meet its Dec. 31 deadline for averting automatic tax increases and spending cuts deemed a threat to the eco...

US stocks fell for the fourth day on Thursday, sliding to session lows at midday as a measure of investor anxiety hit its highest in five months after a top Senate Democrat warned that an agreement to avoid fiscal austerity measures would not be reached by the end-of-year deadline.

Republican House Speaker John Boehner accused President Barack Obama of pushing the country toward the "fiscal cliff" on Friday and of wasting another week without making progress in talks.

The government is on track to hit its $16.4 trillion borrowing limit later this month. And while the Treasury can keep the government functioning through early next year, President Barack Obama is bluntly insisting that any deal on the fiscal cliff include an end to brinkmanship on the debt ceiling.

President Barack Obama and Republicans crept closer to negotiations on avoiding a recession-threatening package of automatic tax increases and spending cuts, but the White House reaffirmed it would not budge on demands for higher taxes on the wealthy.

Treasury Secretary Timothy Geithner said on Sunday that he "can't promise" that the United States won't go over so-called fiscal cliff, insisting it is up to congressional Republicans.

The White House is seeking $1.6 trillion in higher taxes over a decade and an immediate infusion of funds to aid the jobless, help hard-pressed homeowners and perhaps extend the expiring payroll tax cut, officials said Thursday as talks aimed at averting an economy-rattling "'fiscal cliff" turned testy.