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Washington
Inside Washington (08/05/2011)
* WASHINGTON (8/8/11)--Treasury Secretary Timothy Geithner told President Barack Obama he will remain in his position, ending speculation he would step down (The New York Times Aug. 8). Geithner told White House officials several weeks ago he was considering stepping down following the debt-ceiling debate to spend more time with his family. Geithner said he would decide on his future after the administration reached a deal with Congress on the raising the U.S. debt ceiling. Obama signed the deb-ceiling legislation into law on Tuesday. The White House urged Geithner to stay on as Treasury secretary, citing the need for stability during a difficult economy and the prospect of a confrontation with Senate Republicans over the nomination of a new secretary …


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