January 26, 2009 / 7:50 PM / 9 years ago

Geithner has made amends for tax errors: White House

<p>New York Federal Reserve Bank President Timothy Geithner, President Barack Obama's nominee for Treasury Secretary, testifies in his confirmation hearing before the Senate Finance Committee on Capitol Hill in Washington, January 21, 2009.Brian Snyder</p>

WASHINGTON (Reuters) - President Barack Obama believes Timothy Geithner is uniquely qualified to lead the U.S. Treasury Department and has made amends for his tax mistakes by paying what he owes with interest, the White House said on Monday.

"Secretary-designate Geithner ... admitted that he'd made honest mistakes that could and should have been avoided," White House spokesman Robert Gibbs told a briefing. "He made amends by paying the back taxes and interest that he owes."

He added that Obama believes Geithner, the chairman of the New York Federal Reserve Bank, has a "unique background," and would be "a tremendous leader of our economic team" if confirmed by the U.S. Senate, as expected, later on Monday.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below