by Jane Richey | Jan 4, 2013 | Fiscal Responsibility, Politics
Treasury Secretary Timothy Geithner, who reportedly will leave office at the end of this month, is already responsible for spending and borrowing more money than any of his predecessors as secretary of the Treasury. The U.S. Senate confirmed Geithner on Jan. 26, 2009....
by Jane Richey | Dec 31, 2012 | Fiscal Responsibility, Politics
The U.S. government reached its $16.4 trillion borrowing limit on Monday, according to the Treasury Department. Treasury Secretary Timothy Geithner informed congressional leaders in a letter Monday that the government has begun employing “extraordinary...
by Jane Richey | Jul 26, 2012 | Fiscal Responsibility, Free Markets, Politics
Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all...
by Jane Richey | Jun 14, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility
Treasury Secretary Tim Geithner on Wednesday said that despite a gaffe by President Obama last week, in which the president said the private sector is “doing fine,” the administration understands the economy is in tough shape. He acknowledged that, given pressures...
by Jane Richey | May 3, 2012 | Constitutionally Limited Goverment, Fiscal Responsibility, Free Markets
Lawmakers will not have to re-fight their epic battle over raising the debt ceiling until after the November elections, according to the Treasury Department. April tax receipts have not moved Treasury’s debt-ceiling target date, and Secretary Timothy Geithner...