After flirting with leaving earlier this year, Treasury Secretary Timothy Geithner – one of the few remaining members of President Barack Obama’s initial economic team – is expected to stay put through the rest of the president’s term, officials are saying.
Though Geithner’s desire to return home to his family in New York could end up leading him to depart, he is under pressure from the White House to stay in the position through Election Day, The New York Times reported late Wednesday, citing officials familiar with discussions.
The president and White House Chief of Staff Bill Daley have been urging Geithner to stay put, officials told the Times, because the administration is hoping to avoid a hard-fought confirmation battle of any potential successor.
Officials are also hoping to avoid switching up leadership as the economy appears to sputter, and see Geithner and Obama as having a particularly strong relationship. Neither Geithner nor Daley would comment to the Times.
POLITICO’s Morning Money reported Thursday that Geithner is “under intense pressure” not to resign, but might leave “if a confirmable replacement can be found.”
Reports that emerged in late June suggested that Geithner was considering leaving once there was an agreement to raise the debt ceiling in place, though he and White House press secretary Jay Carney both said he planned to stay put “for the foreseeable future.”
In an interview Monday with ABC News — his first since the debt ceiling deal was reached — Geithner said that he had been too focused on the debt ceiling debate to finalize his plans.
“I haven’t made that decision yet,” he said. “We’ve got a lot of challenges, president’s got a lot of challenges, and, you know, I got other pressures on me, too. But I’ll make that decision at the right moment.”
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