Geithner Leaving? Possibly......
Geithner considering leaving his Treasury post
BY ZACHARY A. GOLDFARB, UPDATED: THURSDAY, JUNE 30, 2011
Treasury Secretary Timothy F. Geithner has told President Obama that he is considering leaving his Cabinet post but would wait to make a final decision until the negotiations over the deficit reduction talks are completed, according to people familiar with the matter.
Geithner, who has wanted to leave the administration for some time, would only exit with the president’s endorsement, the sources said.
The timing comes at a sensitive time for Obama. The economic recovery has stalled and the president is running out of time to strike a deficit deal before the government hits a deadline that could cause the United States to default on some of its debt.
If he allowed Geithner to leave, Obama would also have to find a replacement in a highly charged political environment. The president has been slow to nominate senior financial policymakers, and congressional Republicans have blocked several of his key nominees.
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