Geithner doesn’t expect a second term

Treasury Secretary Geithner doesn't expect Obama to ask him to remain

WRITTEN BY: Janelle Vreeland
Timothy Geithner
Image Source: Department of the Treasury via Wikimedia Commons
Timothy Geithner

Treasury Secretary Timothy Geithner doesn't expect to remain past his first term.

Bloomberg reports that Geithner believes that President Obama will be re-elected, but he doesn't believe he'll ask him to remain a member of his economic team.

“He’s not going to ask me to stay on, I’m pretty confident,” Geithner said. “I’m confident he’ll be president. But I’m also confident he’s going to have the privilege of having another secretary of the Treasury.”

Geithner, 50, has led the effort to pull the U.S. out of the current recession which included overseeing the efforts to bailout American automakers.

As the site reports, Geithner told White House officials last year that he was considering leaving after negotiations on raising the nation’s debt limit were completed.

Read more about Timothy Geithner here.

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