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Geithner, The US Treasury Secretary, May Be Resigned From The &Nbsp; Obama'S Economic Team Is Facing Big Changes.

2011/7/2 11:04:00 51

Geithner Obama Financial Crisis

Just now, at the critical moment of preparing for the 2012 general election, Obama heard a bad news. US media reported on June 30th that Geithner, one of the current US Treasury Secretary and one of the white house red ones, has expressed his intention to resign to President Obama.


The US mainstream media quoted people familiar with the matter as saying that Geithner was right. Obama He said he would consider leaving after the negotiations on deficit reduction were completed. The report also said Geithner had been considering leaving the government for some time, but was required to be approved by the president.


According to reports, Geithner's family will move from Washington to New York in a few months, and Geithner may join his family in the autumn. Geithner At the present stage, he decided to travel to New York and Washington every day to allow his son to finish high school in New York, which is one of the reasons for speculation that he will leave.


Geithner on the 30 day at the charity forum "Clinton Global Initiative" conference, said that in the foreseeable future, will not leave. In a brief statement to the Xinhua news agency, US Treasury officials said Geithner had not made a decision and had no plans to make any decisions. Now he is concentrating on his work, especially the negotiations on deficit reduction and debt ceiling.


Geithner, 49, told his assistant privately that he was helping. financial crisis After the economic mess, he needed to leave office for some time to rest.


When Geithner first joined the Obama administration in 2008, it was not easy at the beginning. The Senate did not bother him much about Geithner's alleged tax evasion during IMF. At the beginning of his presidency, Geithner's administration was not smooth, nor did his policy respond positively to the market, or even led to a sharp fall in the stock market.


However, as Obama stabilized and the US economy was gradually out of the crisis, Geithner was in the same position as the finance minister. He soon played a leading role in shaping the White House economic policy and won the trust of Obama. Many people even think that he is a rare outstanding treasurer in the United States in recent years.


Former US President Clinton said Thursday that Geithner is one of the most competent civil servants he knows. He admits that it is hard to say whether Geithner's confidence in the business community will be affected if he leaves office.


The Wall Street Journal said that in recent weeks, Geithner began issuing "stronger signals to quit." Last month when he was asked how long he wanted to stay in the Treasury Department in New York, he raised his eyebrows and said, "this is a wonderful question. It's very thoughtful. I have been thinking about this question recently."


Experts believe that if Geithner really resigns, then the Obama administration will be a great loss. After all, it's hard to find a good hand like Geithner in a short time to switch between the two roles of "Washington" and "Wall Street", and Geithner is also a veteran of China's economic problems.


If Geithner really leaves office, President Obama may have to start a new economic team at the beginning of his re-election campaign, which will also mean that the initial economic team of the Obama administration will be completely changed. Gul J Be, chairman of the White House Economic Advisory Committee, is scheduled to leave early in August and return to University of Chicago. Summers, director of the US national economic adviser and Mr. orsage, director of the Budget Office of the White House, left both sides last year.

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