Tim Geithner is jumping from U.S. Treasury Secretary to the Council on Foreign Relations, as distinguished fellow based in New York, starting later this month.
Already Washington has begun fighting the next battle in its fiscal war of attrition. This will be its fourth fiscal engagement in just over two years and should culminate just two months after the last one.
So much for bipartisanship. President Obama held a rare press conference Monday to declare he will not negotiate with Congress over raising the debt ceiling.
President Obama officially nominated White House Chief of Staff Jack Lew on Thursday to replace departing Treasury Secretary Timothy F. Geithner, calling his key aide a man of great integrity who has his "complete trust."
President Obama will announce Thursday afternoon his nomination of White House Chief of Staff Jack Lew to serve as Treasury secretary, a White House official confirmed.
The top Republican on the Senate Budget Committee will lead a charge to try to block White House Chief of Staff Jack Lew's prospective nomination to become Treasury secretary.
President Obama will begin his second term with a much different leadership team than his first four years, with several of the key chairs in his Cabinet room yet to be filled.
The earth did not quake when the United States hit the debt ceiling on Dec. 31 and the government stopped borrowing to pay its bills.
U.S. consumer confidence tumbled in December, driven lower by fears of sharp tax increases and government spending cuts set to take effect next week.