Tim Geithner

DEFINITION of 'Tim Geithner'

The 75th United States Secretary of the Treasury. Geithner was appointed by President Barack Obama and confirmed by a 60-34 Senate vote. He took office on January 26, 2009. The Secretary of the Treasury is the principal economic advisor to the president and is responsible for reccomending direction for domestic and international fiscal policy.

BREAKING DOWN 'Tim Geithner'

A graduate of Johns Hopkins University and Dartmouth College, Geithner is perhaps best known for his efforts in getting a series of government bailouts and stimulus spending programs passed. Even before his role with the federal government, Geithner arranged the rescue and sale of Bear Stearns in 2008 and, later that same year, supported his predecessor, Henry Paulson, in the decision to save American International Group from bankruptcy.

RELATED TERMS
  1. Treasury Secretary

    The Secretary of the Treasury is a member of the Presidential ...
  2. Henry Paulson

    Henry Paulson served as the 74th U.S. Secretary of the Treasury. ...
  3. Monetary Accord Of 1951

    A 1951 agreement between the U.S. Secretary of the Treasury and ...
  4. Financial Stability Oversight Council

    A committee led by the U.S. Treasury Secretary that is charged ...
  5. Senate Bill

    A piece of proposed legislation that either originated or was ...
  6. Obamanomics

    A buzzword used to describe the economic philosophies of United ...
Related Articles
  1. Options & Futures

    20 Investments: Treasuries

    What Is It? Also known as "government securities", treasuries are a debt obligation of a national government. Because they are backed by the credit and taxing power of a country, they are regarded ...
  2. Investing

    Who Are America's 7-Richest Senators?

    An overview of the seven wealthiest people in the U.S., and how they made their fortunes as well as a look at their various investments.
  3. Personal Finance

    5 Wealthiest U.S. Presidents

    These presidents earned money not just from their time in office, but outside investments as well.
  4. Professionals

    Types Of Government Securities

    Series EE Bonds: The series EE bonds are commonly known as savings bonds. They are purchased directly from the US government at a discount from their face value, typically 50%. The Series EE ...
  5. Economics

    4 Top Changes Obama Has Made with His Mandates

    Learn how Obamacare, equal pay for women and an executive order on immigration represent some of Obama's biggest changes during his presidency.
  6. Bonds & Fixed Income

    What's a 10-Year Treasury Note?

    A 10-year Treasury note is an intermediate debt obligation issued by the United States government, and with a ten-year maturity date.
  7. Investing Basics

    What is Treasury Stock?

    Treasury stock is a company’s own stock that it holds in its treasury for later use.
  8. Economics

    What are the Federal Reserve Chairman's responsibilities?

    Learn about the duties and responsibilities of the chairman of the Federal Reserve Board, including testifying before Congress and as chair of the FOMC.
  9. Investing News

    Trump vs. Clinton: Who's Better for the Markets?

    Who is likely to be a more market-friendly president, Hillary Clinton or Donald Trump?
  10. Professionals

    U.S. Government Bonds and Agency Securities

    U.S. Government Bonds and Agency Securities
RELATED FAQS
  1. What are the economic impacts of specialization?

    Read about the economic impacts of specialization and the division of labor, and see why individuals, firms and even countries ... Read Answer >>
  2. How is the Chairman of the Securities and Exchange Commission (SEC) chosen?

    Learn how the Chairman of the Securities and Exchange Commission is chosen, from presidential appointment to Senate confirmation. Read Answer >>
  3. Who sets fiscal policy, the president or congress?

    Discover how fiscal policy is set in the United States, including how all three branches of government can affect a given ... Read Answer >>
  4. Which United States Presidents have run the largest budget deficits?

    Take a look at which presidents were in office for the largest budget deficits in U.S. history and how the responsibility ... Read Answer >>
  5. How does comparative advantage render protectionism unnecessary?

    Find out how economic theory can debunk protectionist policies in international trade and how comparative advantage demonstrates ... Read Answer >>
  6. Which economic factors impact treasury yields?

    Discover the economic factors that impact Treasury yields. Treasury yields are the benchmark yield for the rest of the world, ... Read Answer >>
Hot Definitions
  1. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  6. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
Trading Center