Obama Team Eyeing NY Fed Reserve's Geithner for Treasury Post


New York Federal Reserve Bank President Timothy J. Geithner will be nominated to become the next Treasury secretary, according to the Wall Street Journal. The newspaper cited a source close to the transition process.

 

“The Federal Bureau of Investigation began calling Geithner confidants this week, starting a vetting process of getting the economist and Fed veteran in place almost as soon as (President-elect) Obama is inaugurated the 44th president,” the story said. Obama is expected to introduce his economic team early next week.

 

Geithner would succeed Henry Paulson, who has held the post since July 2006.

 

SPONSORED REPORT

Get your clients ready for tax season

These year-end tax planning strategies address recent tax law changes enacted to help taxpayers deal with the pandemic, such as tax credits for sick leave and family leave and new rules for retirement plan distributions, as well as techniques for putting your clients in the best possible tax position.

RESOURCES

Keeping you informed and prepared amid the coronavirus crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.