Treasury Sec. Timothy Geithner says he will be in his current job "for the foreseeable future."
This comes on the heels of rampant press reports in Washington that Geithner told the president he was considering stepping down from his powerful post.
But Treasury officials tell Fox News Geithner has not made a decision, "and doesn't plan to make any decisions while he's focused on the work at hand, particularly negotiations on deficit reduction and the debt limit."
The Treasury secretary is the last remaining person in President Obama's original economic team and is one of the president's most trusted advisers. Those familiar with the stress of high-level, cabinet positions thinks Geithner recognizes there's a window in which he could bow out gracefully as secretary after a debt ceiling deal is brokered.
Austan Goolsbee, who is set to leave his post as chairman of the Council of Economic Advisers and counts himself as Geithner's "friend," said on CNBC that he's surprised to hear the rumors, but that his family would likely be behind any decision he makes. Geithner has a son in high school.
Mike Emanuel currently serves as chief congressional correspondent for FOX News Channel (FNC). He joined FNC in 1997 as a Los Angeles-based correspondent.