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US Treasury Secretary Geithner to remain at his post

08-08-2011 08:38 BJT

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US Treasury Secretary Timothy Geithner, who had considered stepping down after the government borrowing limit was raised, will remain at his post.

Geithner had indicated he might leave after a debt-limit increase was approved, but officials indicated that both Obama and the White House chief of staff had urged Geithner not to leave.

Geithner, the last of Obama's original economic team to remain in office, is experienced at navigating economic storms. When he took office in January 2009, the economy was in deep recession after the US housing market collapse and the ensuing credit crunch.

Files: U.S. Treasury Secretary Timothy Geithner speaks to the media next to
Sen. Charles Schumer (D-NY) after his meeting about the debt limit on
Capitol Hill in Washington July 14, 2011. REUTERS/Yuri Gripas


Editor:Zhang Jingya |Source: CNTV.CN

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