Time Geithner News Today

In the end. i dont even think its about maintaining relevancy. i actually believe he thinks he can serve his country as secretary of state and on that basis alone hes a good choice. >> i want to talk about steve mnuchin for a moment. he is a different kind of choice. if you look at a jack lu, a time geithner, they fall more into that bureaucrat wonky type. steve mnuchin is definitely a deal guy. its a changed election. donald trump said im the jobs candidate. is that what steve mnuchin is going ...

Bear on what the next secretary of defense will do. he seemed unprepared on the questions that quite frankly he knew were coming. >> he had mock hearings. should he go to the president and say, do you still have confidence in me? >> im reminded through weeks into his first term of the obama administration. time geithner gives a speech at the treasury department about our banking industry and how to save it. three weeks into the administration. three weeks into his tenure. the market dropped 382 ...

Questions that quite frankly he knew were coming. >> he had mock hearings. should he go to the president and say, do you still have confidence in me? >> im reminded through weeks into his first term of the obama administration. time geithner gives a speech at the treasury department about our banking industry and how to save it. three weeks into the administration. three weeks into his tenure. the market dropped 382 points. two weeks ago, tim geithner walked out of the treasury department, four ...

Is it in our national interest to sell to a chinese company. time geithner heads that committee and he will decide are we going to sell this dirt cheap to china or not. >> gretchen: oh, by the way, we kind of need china, they loan us a bunch of money. >> i think he will sell it. >> gretchen: is that good or bad for america? >> that is a difficult question to answer. do we want to sell our asset that is we subicized cheap to commina. this is a green energy company and part of president obamas ene...

Counter offer that, you know, that maybe some democrats will say is laughable and then lets get down and talk about trying to meet in the middle somewhere. theres going to have to be revenue increases, theres going to have to be spending cuts and we realize that and thats what the american people voted for in november. so im hoping that reason minds on both sides of the aisle may come together and that may be whistling in the dark, based on the past in washington, but i really believe this count...

House and president obama. >> didnt we learn in 2011, where the government seemed less stable and our triple-a rating went down to a double-a rating and right now, john thune was right, it takes time to bush legislation through and we cant have a deal cut on christmas eve. >> is this brinksmanship on behalf of the president and time geithner, his treasury secretary, in terms of what the dems are now offering congress? >> no, i think the president has made a riegsal offer and of course, its an op...

The appropriate opportunities to do that right now? >> two ways to look at it. yes, the united states and both in in administration and previous ones have had very honest direct conversations with china, particularly on economic fronts. time geithner has made a number of trips this talking about china. what it has to do relative to its currency. by the same token, china is now a rising power, its a force in the united nations. when you look at a situation like syria, you have to do business with...

>> and nevertheless he faces a situation where the banks crash. >> yes. >> its impossible from the beginning. >> the problem is this. he had a chance to choose an economic team that came not from wall street the way larry summers and time geithner came, but the robert cutners and others. they would say tell the american people the story about the need to empower homeowners and the need to talk about jobs. jobs with a living wage and not to bail out wall street. 2 1/2 year fist he had given this ...

Later today president obama is expected to visit memphis to meet with officials and speak with families impacted by the flood. now the story continues to move downstream. turning to the economy, americas debt clock is ticking away, expected to reach the 1 3 $14.3 trillion debt ceiling today. the treasury department warns if the debt ceiling is not raised by august, the u.s. will start to default. time geithner warns a default would infact catastrophic far reaching damage on our nations economy...

Some in china worry that america seeks to constrain chinas growth. we reject both those views. we both have much more to gain from cooperation than from conflict. the fact is, that a thriving america is good for china, and a thriving china is good for america. >> and with that said, noidz secret the u.s. and china are frustrated by each others economic and fiscal policies. in montauks tim geithner said china needs a new growth model, relying more on domestic demand than exporting goods to other ...