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Geithner Has Not Told Obama he Wants to Go

Tuesday, 05 Jul 2011 07:00 PM

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner has not told President Barack Obama he would like to leave after a debt ceiling deal is reached, White House spokesman Jay Carney said Tuesday.

Sources familiar with Geithner's thinking said last week he was considering stepping down once the country's $14.3 trillion debt limit is raised.

That must happen by Aug. 2 to avoid a U.S. sovereign default, according to the Treasury Department.

Carney, when asked whether Geithner had told Obama he would like to leave in that timeline, said: "Not that I'm aware of, no. I think he will be here for the foreseeable future."

Geithner is the last of Obama's original economic team. He helped steer the economy out of the worst of the financial crisis and into what is still a fragile recovery.

After that grueling stretch, and with his family moving to New York in a few months, Geithner is thought to be ready to leave Washington. But he sidestepped a direct question about his career plans as speculation brewed last week.

"I've only worked in public service. I live for this work. It's the only thing I've ever done, I believe in it," he said. "We have a lot of challenges as a country, and I'm going to be doing it for the foreseeable future." (Reporting by Laura MacInnis and Jeff Mason; editing by Todd Eastham)

© 2015 Thomson/Reuters. All rights reserved.

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