WASHINGTON — Treasury Secretary Timothy Geithner is warning Congress that Europe’s debt crisis and a looming budget crisis in Washington could weaken an already-fragile U.S. economy.
Geithner also tells a House panel that regulators must pursue stricter oversight of the financial system to help stabilize the economy.
Additional Photos
Treasury Secretary Timothy Geithner leaves a closed-door meeting with Senate Democrats on Capitol Hill in Washington, in this July 10, 2012, photo. AP
Geithner is expected to be questioned about his actions regarding banks’ setting of a key global interest rate. Geithner, who was then president of the New York Federal Reserve, urged the Bank of England in 2008 to make the process for setting London interbank offer rate (LIBOR) rate more transparent. But he didn’t make his concerns public.
Send questions/comments to the editors.
Related Stories
Latest Articles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.