Wednesday, January 14, 2009

Geithner's Confirmation Hearing Pushed Back

Timothy Geithner's confirmation hearing is pushed back to Wednesday, January 21, 2009, due to the revelation of Geithner not paying income taxes and some domestic help problems.

The Senate Finance Committee for a second time postponed a hearing for Treasury Secretary-nominee Timothy Geithner following revelations about his failure to pay Social Security and Medicare taxes while working for the International Monetary Fund, among other tax infractions.

Obama Team are defending Geithner for Treasury and understands this was a mistake which Geithner immediately informed them of.
"The President-elect chose Tim Geithner to be his treasury secretary because he's the right person to help lead our economic recovery during these challenging times," Obama spokesman Robert Gibbs said in a statement.

"He's dedicated his career to our country and served with honor, intelligence and distinction. That service should not be tarnished by honest mistakes, which, upon learning of them, he quickly addressed."

The delay is prompted by Sens. Jon Kyl and Jim Bunning. Many believe that Geithner will still be confirmed, largely due to his massive knowledge and understanding of the TARP program.

Obama on Geithner


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