Wednesday, August 3, 2011

Pressed by White House, Treasury Chief Expected to Stay On

The New York Times reported that the White House had applied “intense” pressure on Tim Geithner in order to convince him to stay on as Treasury secretary for the remainder of Obama’s first term as president.

In the article, the New York Times asked Senator Mark Warner about possible replacements for Geithner if he resigned. In particular, the newspaper asked him if the Senate would confirm Erskine Bowles.

“In rational times, absolutely,” said Warner. “But I’m not sure we’re in rational times.”

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