Geithner May Leave Treasury Once Debt Ceiling Debate Is Over

Tim Geithner

According to Bloomberg, Tim Geithner is considering leaving the Treasury once the debt ceiling debate is over, according to three sources.

He said he needs a break from government, according to Bloomberg’s sources. He won’t make the decision until the debt debate is over.

Bloomberg says his reasons for leaving are:

Geithner, 49, has told associates that he needs a breakfrom government service after dealing with the turmoil thatfollowed the collapse of Wall Street firms including BearStearns Cos. and Lehman Brothers Holdings Inc., first aspresident of the Federal Reserve Bank of New York and then asObama’s treasury secretary.Family considerations also are playing a role in Geithner’sdeliberations, according to the people. His son has decided tofinish his final year of high school in New York.

He’d be at least the third to leave during turbulent times. Jeffrey Goldstein will leave by the end of July. And Austan Goolsbee announced that he would leave last month.

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