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Wednesday, April 7, 2010 as of 11:14 AM ET

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Timothy Geithner

Timothy Franz Geithner (; born August 18, 1961) is an American economist, central banker, and civil servant.

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EU calls for clarity on bank bailout plan to calm markets, Spain sends official to Washington

The European Union urged Spain on Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contributed the recent market turmoil and the country's soaring borrowing costs.

A European Commission spokesman, Amadeu Altafaj, told Spanish National Radio that the conservative government in Madrid needed to spell out quickly how it plans to finance the recapitalization of troubled lender Bankia SA and whether there are other banks burdened by toxic real estate assets that might need assistance.The government nationalized Bankia earlier this month, and the €19 billion ($23.6 billion) in public money that will need to be injected is more than twice what the government had estimated.Doubts over how recession-hit Spain will handle the bailout have sparked concerns that the country itself will soon follow Greece, Portugal and Ireland in asking for financial assistance. Spain's borrowing costs on the international debt markets — a s...

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  1. THE FIRST 100 DAYS: Obama Needs to Lower Expectations and Fast!

    By Peter Roff Senior Fellow, Institute for Liberty/former Senior Political Writer, United Press InternationalDespite poll numbers indicating the American people cont...

  2. One Man Show?

    Treasury Secretary Timothy Geithner performs as the president's point man on the economy without a lot of help

  3. Power Play

    How did Secretary Geithner's move for greater control go over on Capitol Hill?

  4. US says China is making progress on currency, declines to brand it as manipulator

    The U.S. government said Friday that China has made progress in allowing its currency to rise against the dollar and declined to accuse the nation of manipulating it...

  5. Botched Facebook IPO and JPMorgan loss reinforce image that Wall Street can't get it right

    Almost four years after the financial crisis, Wall Street still can't get it right.Investor anger mounted Wednesday over the initial public offering of Facebook stoc...

  6. Treasury Secretary Timothy Geithner says he'll stay in his job for the 'foreseeable future'

    Treasury Secretary Timothy Geithner said Thursday he'll stay in his job for the "foreseeable future," addressing speculation he might leave the Obama administration ...

  7. Treasury Secretary Timothy Geithner Has Got to Go

    Treasury Secretary Timothy Geithner 's got to go, and he's got to go quickly.The president can't stick with him, it's an absurd mistake, he needs a change in directi...

  8. SEC chairman says agency is reviewing JPMorgan's earning statements, reports after $2B loss

    Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading los...

  9. Bain Attacks Get More Awkward for Obama

    "To me, it's just we're getting to a ridiculous point in America, especially that I know I live in a state where pension funds, unions and other people are investing...

  10. Key Republican says JPMorgan $2B trading loss raises questions, but stricter rules rejected

    A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rej...

  11. Unusually subdued, JPMorgan Chase CEO is confronted by shareholders and keeps chairman's job

    The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a pu...

  12. After last year's budget failures, lawmakers gather for annual deficit pep talk

    Government leaders past and present gathered in Washington to do what they do best about the nation's deficit woes: talk.At an annual "fiscal summit" Tuesday in a ca...

  1. The $200K Per Job 'Bargain' for Taxpayers

    A breakdown of Treasury Secretary Timothy Geithner's assessment of Pres. Obama's jobs plan

  2. Administration to Tea Parties: We're on Your Side

    Tea Partiers, the Obama administration is on your side. That's been the message from the White House over the past few days, as top officials dispute charges that Wa...

  3. Republicans Want Geithner to Walk The Plank After Credit Downgrade

    With the U.S. losing its Triple-A credit rating for the first time ever, Republican lawmakers and presidential contenders are calling on President Obama to fire Trea...

  4. Tell Us More, Tim

    By Andrea Tantaros Republican Political Commentator/FOXNews.com ContributorPeople have been speculating all week about how the economic spendulus bill will affect ou...

  5. House Republicans Voice Frustration Over Debt During Meeting With Obama

    House Republicans gave President Obama an earful Wednesday over their concerns regarding unemployment, the national debt and government regulation, a day after the H...

  6. Obama: No Single Action Can Cure the Economy

    WASHINGTON - President Obama said Saturday his administration will outline a new strategy in the coming days for spending billions of federal dollars to pull the nat...

  7. Can an Old Dog Teach Geithner a Few Tricks?

    By Judith Miller Writer/FOX News Contributor Two dogs made news yesterday: the dud of a bank bailout plan unveiled by Treasury Secretary Tim Geithner, which caused t...

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