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Latest Council on Foreign Relations Stories

2009-09-18 11:03:00

Fmr National Security Adviser Backs Administration Position on Europe Missile Defense Shield WASHINGTON, Sept. 18 /PRNewswire-USNewswire/ -- Brent Scowcroft, Chairman of the Atlantic Council International Advisory Board and former National Security Adviser to Presidents Gerald Ford and George H.W. Bush, today supported the Administration's decision to pursue alternative technologies and architecture for the planned missile defense shield in Eastern Europe. Gen Scowcroft released the...

2009-09-13 15:31:00

NEW YORK, Sept. 13 /PRNewswire-USNewswire/ -- The Rockefeller Foundation family was heartbroken to learn of Norman Borlaug's passing. This Nobel laureate and valued colleague of 39 years was a force beyond measure, mobilizing a Green Revolution that saved a billion lives and counting. During his career, Norman and his Rockefeller Foundation colleagues bred and disseminated seeds that now sprout in the gardens and farms of half the earth's people. The world is more peaceful and humane as a...

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2009-09-11 15:38:46

U.S. markets closed slightly lower Friday, a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing. The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink, Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort. By close, the Dow Jones industrial average lost 0.23 percent or 22.07 points,...

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2009-09-11 12:13:23

U.S. markets wobbled up and down Friday, a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing. The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink, Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort. In early afternoon trading, the Dow Jones industrial average dropped early...

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2009-09-11 09:16:32

U.S. markets turned up Friday morning a day after U.S. Treasury Secretary Timothy Geithner said the economy was presumed to be growing. The consensus among private forecasters is that our economy is now growing; the financial system is showing signs of repair ... It is clear we have stepped back from the brink, Geithner told members of the Congressional Oversight Panel monitoring the financial recovery effort. In midmorning trading, the Dow Jones industrial average pulled ahead after a slow...

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2009-09-11 07:35:00

Two key economic policy makers in Washington made headlines with assessments of the U.S. economy that were deemed improbable a year ago. Approaching the anniversary of the collapse of Lehman Brothers, U.S. Treasury Secretary Timothy Geithner Thursday told members of the House Oversight Panel monitoring the financial bailout that it was time to roll back some of the extraordinary steps put in place over the past 12 months to keep banks solvent and credit flowing. Geithner warned that the...

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2009-09-10 13:41:43

U.S. Treasury Secretary Timothy Geithner told the House Oversight Panel that an economic recovery needed more time, but an outright meltdown had been avoided. We still have a long way to go before true recovery takes hold, Geithner told the congressional panel charged with monitoring the nation's recovery effort. "September 2009 is a far cry from the crippling fear and panic of September 2008, Geithner said. Forceful interventions sidestepped a catastrophic systemic meltdown, he said,...

2009-09-05 14:56:49

Finance ministers from the Group of 20, meeting in London, failed to agree Saturday on compensating bankers to reward them for long-term performance. The group, after discussing regulation of financial bonuses, decided to ask the Financial Stability Board to draw up a plan for presentation to the G20 summit this month in Pittsburgh, The New York Times reported. The German and French ministers argued for restrictions on bonuses based on short-term gains. But U.S. Treasury Secretary Timothy...

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2009-08-13 16:00:34

U.S. Treasury Secretary Timothy Geithner said Wall Street banks were not backsliding into bad habits, but regulations needed to be tougher anyway. The big banks are running with much less leverage now, much more conservative liquidity cushions, Geithner told The Wall Street Journal Thursday. There's been a significant shrinking of their balance sheets, getting rid of bad assets and cleaning up, he said. And the weakest parts of the system don't exist anymore. Referring to regulatory reform,...

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2009-07-27 14:43:56

A real estate agent in Westchester County, N.Y., estimated that U.S. Treasury Secretary Timothy Geithner was losing money on a house he could not sell. Geithner and his wife, Carole, paid $1.602 million for the Tudor home in Mamaroneck, N.Y., in 2004 and put it on the market for $1.635 when he moved to Washington to lead the U.S. Treasury Department. The Geithners then reduced the asking price by $60,000 in May and settled for renting the home for $7,500 a month later in the month, ABC News...