geithner

China's central bank said it will allow more flexibility in the exchange rate of its currency, the yuan. This seems intended to help foreign economies as China's shows increased strength. Critics have said an undervalued currency gives China an unfair trade advantage.

Want to know what Beijing really believes about China's red-hot economy, its real estate market or the state of the global recovery? Look at whether it allows China's currency to rise against the dollar.

Treasury Secretary Timothy Geithner told lawmakers Thursday China is making progress in addressing U.S. concerns over the glaring trade imbalance between the countries, but much works remains to be done to promote a level playing field between the nations.

Timothy Geithner and Ben Bernanke told lawmakers on Tuesday that the Lehman bankrupcty is the best example of the need for the Obama administration's proposed financial regulatory reforms. Former CEO Dick Fuld defended the bank, claiming it was hit by a "perfect storm."

U.S. Treasury Secretary Timothy Geithner says the U.S. government "will never" lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion.

As part of an effort to redirect TARP funds from Wall Street to Main Street, the Treasury Department Wednesday announced a program that will help local financial institutions get more loans out to people and businesses in the communities hardest hit by the recession.

No one can deny that a budget with a $3.83 trillion bottom line has a fair amount of waste embedded in it. But like pornography, art and classic rock, government waste is in the eye of the beholder. The bigger issue is a congressional culture of out-of-control spending.

Treasury Secretary Timothy Geithner told Congress Wednesday that he played no part in what appears to be efforts by government regulators to keep secret from the public key information about the bailout of embattled insurance giant AIG. "I had no role in making decisions regarding what to...

Former Fed Chairman Paul Volcker's won a major battle in his crusade for banking reform when President Obama announced his support for Volcker's plan to restrict the size and activities of the largest U.S. financial institutions.

Treasury Secretary Timothy Geithner told National Public Radio in an interview Tuesday that he strongly believes we are on the road to recovery, but it won't be fast. "We were in a very deep hole," he said, which will take a long time to repair.