Friday, July 1, 2011

Geithner mulls departing Treasury post

Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make a decision until contentious negotiations over the U.S. debt ceiling are completed, people familiar with his thinking said on Thursday.
Geithner said he would remain in his Treasury post "for the foreseeable future" and sidestepped a direct question about his career plans after a flurry of media reports that he was mulling leaving the Obama administration.
"I've only worked in public service. I live for this work. It's the only thing I've ever done, I believe in it," Geithner said. "We have a lot of challenges as a country, and I'm going to be doing it for the foreseeable future."-Reuters

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