Geithner: I Wanted Hillary to Succeed Me at Treasury

Thursday, 08 May 2014 09:30 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

Timothy Geithner says in a new memoir that he considered stepping down as Treasury secretary in 2010 after the financial crisis and suggested Hillary Rodham Clinton as a possible successor.

President Barack Obama rebuffed Geithner's suggestion, and he remained at Treasury until 2013.

Geithner's memoir will be published next week. On Thursday, The Associated Press bought an early copy.

Geithner writes of the incident in "Stress Test," which explores his turbulent four years at Treasury. During his tenure, the Obama administration faced the worst recession and most severe financial crisis since the Great Depression.

In proposing that the White House consider Clinton as his successor, Geithner cited her star power as secretary of state. Among the other names Geithner suggested was Jack Lew, who succeeded him last year.

Urgent: Assess Your Heart Attack Risk in Minutes. Click Here.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

McConnell Opposes Obama on Cuba

Monday, 22 Dec 2014 18:40 PM

Senate Republican leader Mitch McConnell said on Monday he opposed President Barack Obama's move to normalize relations  . . .

High Court Sets March Hearing in Obamacare Lawsuit

Monday, 22 Dec 2014 18:28 PM

High noon for Obamacare is scheduled for March 4, when the Supreme Court has announced that it will hear verbal argument . . .

Sen. Inhofe: Obama Move to Close Gitmo Will 'Embolden Terrorists'

Monday, 22 Dec 2014 17:44 PM

Sen. Jim Inhofe has ripped President Barack Obama for the latest release of Guantanamo Bay detainees, warning the move w . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved