The Senate has approved the much debated and much discussed Obama nominee, Timothy Geithner as United States Secretary of The Treasury. Geithner, along with former Treasury Secretary Larry Summers, will now lead the charge for the Obama Administration as they battle an economy mired in a deep recession.
First mission for Geithner, will be to oversee the distribution of the remaining $350 billion dollars of TARP funds and move quickly to assist the President in driving a new economic stimulus plan through Congress. With the recession deepening and the controversy over the initial distribution of TARP funds Congress, will be watching Geithner’s performance closely.
Geithner, has been touted by the new Administration as the most qualified person to fill the role of the Treasury Secretary despite a controversy over his failure to pay certain payroll taxes while employed at the IMF. The fact that Geithner was approved by the Senate, given his tax issues and that he now has oversight for the IRS is reflective of the extraordinary economic crisis the nation is currently experiencing.
Under other circumstances it is difficult to believe that Timothy Geithner would have ever been approved for such a critical appointment in fact, he would most likely have disappeared from such high profile public service.
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