July 5, 2011 / 11:18 PM / 7 years ago

White House: Geithner has not told Obama he wants to go

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner has not told U.S. President Barack Obama he would like to leave after a debt ceiling deal is reached, White House spokesman Jay Carney said on Tuesday.

U.S. Treasury Secretary Timothy Geithner arrives to testify before the House Committee on Small Business on Capitol Hill in Washington June 22, 2011. REUTERS/Yuri Gripas

Sources familiar with Geithner’s thinking said last week he was considering stepping down once the country’s $14.3 trillion debt limit is raised.

That must happen by August 2 to avoid a U.S. sovereign default, according to the Treasury Department.

Carney, when asked whether Geithner had told Obama he would like to leave in that timeline, said: “Not that I’m aware of, no. I think he will be here for the foreseeable future.”

Geithner is the last of Obama’s original economic team. He helped steer the economy out of the worst of the financial crisis and into what is still a fragile recovery.

After that grueling stretch, and with his family moving to New York in a few months, Geithner is thought to be ready to leave Washington. But he sidestepped a direct question about his career plans as speculation brewed last week.

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