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. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center