White House Leaning On Geithner To Stay At Treasury

Timothy Geithner

Photo: Wikipedia

The White House is leaning on Treasury Secretary Tim Geithner to stay in the administration, Bloomberg reports.Geithner has been rumoured to be seeking to return to New York after two-and-a-half years at the helm of the Treasury Department — where he oversaw the stimulus and the auto-industry bailout, and was a key player in the debt limit debate.

But Obama administration officials, including Vice President Joe Biden, have been meeting with Geithner to say he is to valuable to lose.

The White House is concerned about losing yet another economic advisor — as Larry Summer left the administration last year and Austan Goolsbee’s last day is today. Officials are also concerned by the prospects of nomination fight over a key position during Obama’s reelection campaign.

White House Press Secretary Jay Carney said yesterday that as far as the administration knows, “he has said he will be here for the foreseeable future.”

Citing a senior official, Bloomberg said the administration is “confident” that Geithner will stay on through the end of Obama’s first term.

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