WASHINGTON Nov 9 Treasury Secretary Timothy Geithner plans to stay until early next year to help the Obama administration forge a deal with lawmakers to avert the looming fiscal crisis, the White House said on Friday.
The Obama administration and lawmakers have less than two months to soften the blow from the "fiscal cliff" of $600 billion worth of tax hikes and spending cuts due to go into effect at the end of the year.
"Geithner has indicated that he will stay on through inauguration and he will be, obviously, a key participant in the negotiations around the so-called fiscal cliff issues," the White House spokesman told reporters in press briefing.
African Markets - Factors to watch on May 25
May 25 - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. - - - - - GLOBAL MARKETS Asian shares scaled two-year highs on Thursday while the dollar and U.S. bond yields slipped after the U.S. Federal Reserve signaled a cautious approach to future rate hikes and the reduction of its $4.5 trillion of bond holdings. WORLD OIL PRICES Oil prices ro
Central bank prudence ushers in lower euro zone bond yields
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr