Tim Geithner

AAA

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.

INVESTOPEDIA EXPLAINS '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. Obamanomics

    A buzzword used to describe the economic philosophies of United ...
  2. Emergency Economic Stabilization ...

    One of the bailout measures taken by Congress in 2008 to help ...
  3. Treasury Secretary

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

    Henry Paulson served as the 74th U.S. Secretary of the Treasury. ...
  5. Financial Stability Plan (FSP)

    A plan unveiled by the Obama administration in April, 2009, that ...
  6. American Recovery And Reinvestment ...

    An act initiated and signed by U.S. President Barack Obama in ...
Related Articles
  1. Translating
    Economics

    Translating "Fed Speak" Into Plain English

  2. Get To Know The Major Central Banks
    Forex Education

    Get To Know The Major Central Banks

  3. How The Federal Reserve Manages Money ...
    Personal Finance

    How The Federal Reserve Manages Money ...

  4. How The Federal Reserve Was Formed
    Personal Finance

    How The Federal Reserve Was Formed

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center