Now wait a minute here, if Geithner can do this so we don’t reach the ceiling limit, why couldn’t it have been done before? The US Treasury is to begin taking extraordinary measures to delay reaching a 31 December borrowing limit. Treasury Secretary Timothy Geithner said it would take accounting measures to save about $200bn to prevent reaching the $16.4tn borrowing limit.
Obama is running true to form, as on Thursday, during the debt talks with Republicans, he demanded another stimulus and $$1.6 trillion in new taxes. This time though, Obama sent in Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, who was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.
The White House is now asking Treasury Secretary Timothy Geithner to be its lead negotiator in deficit-reduction talks with Congress, giving him about a month to help cut a deal before $500 billion in tax increases and spending cuts begin in January.
Attorney General Eric Holder on Thursday said he hasn’t decided whether or not he will stay on as the chief U.S. law enforcement officer in President Barack Obama’s second term.
The first 4 years, and hopefully the last are just about over. And throughout the years of the Obama Administration, his cabinet members came and went. But there are still 4 diehard members who remain to this, and still back and often defend Obama and his policies.