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January 03, 2013

Geithner expects to leave Obama administration in late January

Treasury Secretary Tim Geithner expects to leave the administration around the time of President Obama's inauguration Jan. 21.

That means he will not be part of the team that will help the president negotiate with Congress the next fiscal crisis -- a series of spending cuts and raising the debt ceiling.

"Secretary Geithner has previously stated that he plans to be at Treasury until around the inauguration,'' a Treasury spokesman. "We do not plan to make any further announcements about the timing of the Secretary's departure until after his successor is named."

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