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Latest United States Secretary of the Treasury Stories

2011-06-27 11:04:00

CHICAGO, June 27, 2011 /PRNewswire/ -- Henry M. Paulson, Jr., former United States Secretary of the Treasury and Goldman Sachs C.E.O., has announced the formation of the Paulson Institute, an independent center located at the University of Chicago and dedicated to fostering international engagement to address issues of global scope. The new Institute will have a special emphasis on relationships between the United States and China, serving as a focal point for policymakers, business...

2011-01-06 13:29:00

MORRISTOWN, N.J., Jan. 6, 2011 /PRNewswire/ -- "I am very supportive of both points made in the Treasury Secretary's letter. First ... the U.S. is the world's reserve currency and it is extremely important that the people who loan us money can trust us. Maintaining that trust is essential and will require the U.S. to raise its debt limit. Second ... that putting our country on a fiscally responsible path is equally as important. The implications for not doing so are enormously negative...

2009-09-25 00:11:52

Senior U.S. government officials said the Group of 20 nations will eclipse the Group of 8 as the official forum for international economic policy decisions. Officials said President Barack Obama will make an announcement Friday that the elite eight -- Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States -- that was formed in 1975 will continue to meet, but only to discuss international security matters, The New York Times reported late Thursday. But economic...

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2009-09-23 23:01:00

U.S. Treasury Secretary Timothy Geithner warned Washington lawmakers complacency was no friend to regulatory reform, and taking no action was unacceptable. Geithner told members of the House Financial Services Committee time is the enemy of reform, The Washington Post reported Wednesday. As some normalcy returns to our financial system and our economy, we cannot let it be cause for complacency, he said. In Wednesday's exchange -- and in hearings committee Chairman Barney Frank plans to begin...

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2009-09-23 12:16:48

U.S. Treasury Secretary Timothy Geithner pitched regulatory reform to Washington lawmakers Wednesday a year after a near-collapse of the financial system. In a statement prepared for the House Financial Services Committee, chaired by Rep. Barney Frank, D-Mass., Geithner said, the flaws in our financial system and regulatory framework that allowed this crisis to occur, and in many ways helped cause it, are still in place. To emphasis the size of the debacle, Geithner told committee members, in...

2009-09-11 15:35:36

Consideration for winding down a $700 billion U.S. bailout coincided, on the Treasury Department Web site, with new rules on lobbying for TARP funds. The Treasury Department posted the Troubled Asset Relief Program lobbying rules on its Web site the same day Treasury Secretary Timothy Geithner explained to members of the House Oversight Panel that U.S. recovery efforts would enter a new phase, meaning it was time to think about phasing out some of the financial recovery programs, The Hill...

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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...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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