President Barack Obama, newly re- elected, now confronts two questions that he has been avoiding for more than a year: Who will replace Treasury Secretary Tim Geithner and when…The timing of Geithner’s replacement depends on whether the White House can reach an agreement with the lame duck Congress on a deficit reduction plan to avoid triggering spending cuts and tax increases known as the fiscal cliff. If a deal can be reached before the Jan. 1 deadline, Geithner might leave as soon as it is completed. If the solution is left for the next Congress, Obama may ask Geithner to stay, either to work on a deal or to reassure financial markets about the U.S. government’s ability to trim the deficit. [Bloomberg, earlier re: Tim Geithner’s many unapproved requests to go home]
fiscal cliffs that ruin everything
- 07 Nov 2012 at 2:37 PM
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Christmas Comes Early At Casa De Falcone
- Sleep Where Ken Griffin (And The Soon-To-Be Ex-Mrs. Griffin) Hath Slept
- Opening Bell: 11.26.14
- Area Man Underestimates Just How Much Steve Cohen Hates His Ex-Wife
- Restaurant Offering 35k Thanksgiving Dinner Just Saying Think About It
- Hedge Funds Great At Picking Absolutely The Worst Stocks This Year
- How Much Did Goldman Sachs Make For Losing Muammar Gaddafi $1.2 Billion?
- Former JP Morgan Employee Trades "Root Of All Evil" Gig For Extreme Water Sports
- Coming Soon: Dealbreaker Dramatic Reading Night Part IV
- Executive Editor
- Bess Levin
How Can We Help You?
- Send tips to:
- For tech issues email:
- For advertising or events email:
- For research or custom solutions email:
- Dealbreaker is published by Breaking Media.
For a full list of our sites, services and staff visit breakingmedia.com