Orrin Hatch, R-Utah, Geithner said the goal is to get deficits back under control within five years.
This morning, Treasury Secretary Geithner said that the United States will continue to evaluate use of the SPR.
WHITEHOUSE: Press Briefing by Deputy Press Secretary Josh Earnest
"At the time, we were working desperately to rebuild confidence in the financial system, " Geithner said in his prepared testimony.
"We are not coming before you today to say we have a definitive solution to that long-term problem, " Mr. Geithner said.
Treasury Secretary Tim Geithner said the U.S. will hit its debt ceiling Dec. 31 in a letter to congressional leaders.
FORBES: Boehner Calls Republicans Back To Washington, Revives Swooning Stocks
In his interview for CNBC, Tim Geithner said the usual things about politicians needing to try harder to get the situation under control.
"After reform, the GSEs will not exist in the same form as they did in the past, " Geithner said in his written testimony.
"They all want to work in partnership with Greece to make sure that Greece is reforming within the EU, " Geithner said of European leaders.
Wednesday, U.S. Treasury Secretary Geithner said the Obama administration is willing to go over the fiscal cliff if the wealthiest Americans are not taxed more.
Geithner said the nation's top 21 banks receiving assistance will be required to report on a monthly basis how much they are lending to small businesses.
"As acting managing director, John Lipsky will provide able and experienced leadership to the fund at this critical time for the global economy, " Geithner said in a statement Thursday.
CNN: Ex-IMF chief granted bail amid sexual assault allegations
This week Mr Geithner said the government intends to give them one, by backing efforts in Congress that would require companies to submit their pay policies to an annual vote.
ECONOMIST: Some sensible new proposals for curbing corporate greed
But as Secretary Geithner said over the weekend, as I think President Obama conveyed in his interview earlier today with Bloomberg TV, he remains confident that we can get this done.
Geithner said the United States will soon release a framework for regulatory reforms that is guided by several principles, including stronger oversight of financial institutions and stricter standards for stability and disclosure.
But a series of planned tax hikes and spending cuts due to take effect in early January could give Treasury further time if they take effect as scheduled, Geithner said last week.
"This crisis gives us the opportunity to bring about fundamental change in the direction of a more streamlined and consolidated system" of regulating both banks and investment banks, Geithner said in a speech.
However, Geithner said uncertainty over the fiscal cliff negotiations and possible changes to the deficit situation made it difficult to predict precisely how long the government's steps to ease the situation would last.
In his prepared remarks, Geithner said the administration does not support the creation of a "fixed list" of Tier 1 financial holding companies, also known as firms that are too big to fail.
"You can't expect them to do anything different, " Geithner said, in response to criticism that the Federal Reserve, the Federal Deposit Insurance Corp. and other bank regulators are concerned about losing their current supervisory authority.
Treasury Secretary Tim Geithner said it was "one of the most improbable turnarounds in recent history" and has insisted that the government's intervention was aimed at saving US jobs, and not at making a profit.
Testifying before the House Financial Services Committee, Geithner said the administration plans to open a public comment period next month for stakeholders to weigh in on what to do with the government-controlled mortgage buyers Fannie Mae and Freddie Mac.
To cut government spending and keep the government from going over the debt ceiling, the government will suspend some investments in pension and health benefit funds for federal workers beginning on Monday, Treasury Secretary Timothy Geithner said in a letter to congressional leaders.
Over at Treasury, Secretary Geithner has said that he plans to leave by about January 20th.
Its treasury secretary, Timothy Geithner, said Europe needed to use imagination and force to fight the continuing debt crisis.
Last week US the Treasury Secretary, Timothy Geithner, said he was considering ways to press China to let the yuan appreciate.
And I think as Secretary Geithner has said, the administration would not consider it outside of the context of broader corporate tax reform.
According to Liddy, Federal Reserve Chairman Ben Bernanke has known about them for three months and Treasury Secretary Tim Geithner found out about the payments two weeks ago -- a week before Geithner has said he first heard of the bonuses from his staff.
Summers said Geithner was notified about the AIG bonuses last week.
Timothy Geithner has repeatedly said he does not expect to stay on if President Obama wins re-election, and Republican challenger Mitt Romney would certainly want to install his own Treasury Secretary should he defeat the incumbent.
FORBES: Moody's Says U.S. Has Until End Of 2013 To Save AAA Rating
"We think there's a set of cases where it's clearly in the interest of the taxpayer for them to do principal reduction upfront, " said Treasury Secretary Timothy Geithner in congressional testimony earlier this year.
WSJ: Data Show Fannie, Freddie Savings From Debt Forgiveness
应用推荐