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Musk's DOGE Is Attack On Democracy: Yellen, Rubin, 3 More Ex-Treasury Chiefs
Tuesday, February 11, 2025 - 3:01pm | 1044Read More...Five former treasury secretaries are taking aim at the Department of Government Efficiency and Elon Musk for alleged overreach and abuse of powers by the new White House administration. What Happened: Musk has been put in charge of leading the Department of Government Efficiency by President Donald...
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Market Wrap For May 12: Dow And S&P Close At Record Highs
Monday, May 12, 2014 - 4:37pm | 2248Read More...U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...
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SLIDESHOW: Who Will Succeed Bernanke?
Monday, June 24, 2013 - 10:51am | 177Read More...Last week, fears began to rise over the impending exit of Fed Chairman Ben Bernanke from his current office. However, for those in the know, the move does not come as a shock as it was previously known that his term ends in January at that President Obama had not offered him the option to stay on...
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Benzinga Market Primer, Thursday November 29
Thursday, November 29, 2012 - 8:23am | 821Read More...Futures Rise on Budget Talks U.S. equity futures rose early Thursday as Congressional leaders continue to meet to some up with a way to avoid the fiscal cliff. Today, leaders will meet with Treasury Secretary Geithner and other White House representatives to continue to work to find an agreement...
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Bernanke to Step Down at End of Term in 2014, Bankers Need Not Apply
Tuesday, October 23, 2012 - 12:43pm | 765Read More...Federal Reserve Chairman Ben Bernanke, who has held that role since taking over for Allan Greenspan in 2006, looks set to step down in January 2014 at the end of his existing term. Bernanke has indicated to close friends that even if he were nominated, he would turn the job down and return to...
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US Profits from Sale of AIG Shares
Tuesday, September 11, 2012 - 10:28am | 287Read More...The U.S. Treasury said that it had sold American International Group (NYSE: AIG) shares valued at $18 billion Monday night, netting a profit for taxpayers on its 2008 bailout of the firm. Overall, the Treasury sold about 554 million shares at $32.50, the Treasury Department said yesterday in a...
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Geithner: Economy Still Climbing Out of a Ditch
Wednesday, July 18, 2012 - 9:30am | 293Read More...U.S. Secretary of Treasury Timothy Geithner agrees the economy is "definitely slower." In an interview that headlined CNBC-organized Delivering Alpha in New York on Wednesday, Mr. Geithner told Larry Kudlow that the reason for the slowdown is the enormous size of the ditch the economy has been...
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Geithner channels Greenspan and Airbrushes Fraud out of our Crises
Monday, April 30, 2012 - 5:40pm | 5253Read More...On April 25, 2012, Treasury Secretary Geithner made remarkable statements about the role of elite financial fraud and greed in producing our recurrent, intensifying financial crises. In this first installment I focus on the first of five problems with Geithner’s claims: (1) he does not understand...
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Treasury Secretary Timothy Geithner Comments on US, European Economies
Tuesday, March 20, 2012 - 10:53am | 119Read More...Currently, Treasury Secretary Timothy Geithner is testifying before a House Panel. Thus far, Geithner has stated that the US has a huge stake in the resolution of the European crisis. He stated that the global economic environment is uncertain. Geithner stated that he welcomed the recent Saudi...
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Tim Geithner to Introduce "Bigger Bailout" Policy to Europe - Markets Rejoice
Thursday, September 15, 2011 - 1:35pm | 851Read More...Well if anyone knows how to do a bailout, dripping with moral hazard, it is the United States of Bailout. So when in need of how to design the biggest baddest bailout, you bring in the expert. Markets are excited as Tim Geithner travels overseas with plans to teach the Europeans on "how to do it...
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Precious Metals and Swiss Franc Rise Strongly as Debt Worries in Europe and the United States Continue
Monday, July 25, 2011 - 3:13am | 1024Read More...Precious metals and the Swiss franc are the clear winners in Monday's early trading, as there is little improvement in the debt ceiling negotiations in the United States, while at the same time the market euphoria over the EU agreement on Greece is fading. At around 5:40 GMT, the euro moved one...
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If the US Defaults, How Will that Affect the Dollar?
Monday, July 11, 2011 - 3:54pm | 584Read More...In just over three weeks the U.S. will default. According to Treasury Secretary Timothy Geithner, if the U.S. debt limit is not raised soon, the U.S. will be unable to meet all of its obligations. On Monday, President Obama addressed the nation in a speech in which he outlined his desire to get a...
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President Obama Announces Good News at Chrysler Plant
Friday, June 3, 2011 - 1:50pm | 340Read More...U.S. President Barack Obama told a cheering crowd of Chrysler autoworkers that the economy was on the mend in a speech in Toledo, Ohio Friday. What a difference two years can make. In 2009, GM and Chrysler were on the verge of bankruptcy and were rumored to possibly go out of business. The...
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Republican Leadership: U.S. Will Meet Obligations
Thursday, May 26, 2011 - 2:03pm | 167Read More...The Speaker of the House John Boehner stated on Thursday that the U.S. will meet its debt obligations. This echoes the statements Treasury Secretary Timothy Geithner made earlier in the week. The U.S. government hit the debt ceiling on May 16th, and the Treasury has had to take extreme measures to...
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The United States Will Never Default on Its Obligations
Wednesday, May 25, 2011 - 3:13pm | 282Read More..."The United States will never default on its obligations," Treasury Secretary Timothy Geithner said on Wednesday morning. According to ForexLive, at Politico's "Playbook Breakfast" Geithner tackled the topic of the debt ceiling, stating that he was fully confident that not only would congress...
