Word: geithner
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...After meeting with Yang, Clinton announced a tentative plan to hold regular high-level talks between the U.S. and China. During the Bush administration Treasury Secretary Henry Paulson led a Strategic Economic Dialogue with China, but under the new system, both Treasury Secretary Timothy Geithner and Clinton would lead discussions divided into two tracks: economic and strategic, which includes a broad range of "political and security and global issues," she said. (See 25 people to blame for the global financial crisis...
...savings helped set off the worldwide crisis by lowering interest rates and encouraging high-risk investment, the state press launched a loud and extended attack. Paulson eventually clarified that he thought the crisis had many causes, and the majority of his criticisms were meant for the U.S. When Geithner later said China has been manipulating its currency during a Senate review of his appointment, he set off a similar outburst of criticism. (Read ?How to Heal the Global Economy...
...fell 6.6%, led by Bank of America's 14% decline. Real estate-related sectors were also sharp decliners, with home construction stocks falling 9%. Both sectors, finance and housing, are at the heart of the goverment's efforts to address the financial crisis. On February 10 Treasury Secretary Timothy Geithner unveiled a multi-pronged plan for troubled banks, and on Wednesday President Barack Obama announced a $275 billion program to stem foreclosures and support the housing market. Today's stock market action suggests investors are still in doubt about the potential efficacy of both plans. Defensive stocks showed modest relative...
...GEITHNER Italy (meeting of G-7 finance ministers...
...take some mighty brainpower--and luck and political genius--to get this next stage right. Orszag had been working the problem for months, leading a four-hour meeting on his birthday, Dec. 16, in Chicago, at which Obama showed up with a vanilla cake. Orszag, Summers, Treasury Secretary Timothy Geithner and Orszag's deputy Robert Nabors agreed that there was no avoiding a deficit this year of about $1.5 trillion, including the bank bailout and the stimulus bill. They were prepared to swim even deeper into the red next year, expanding Obama's initiatives on renewable energy and high-speed...