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08.07.2011 0

Timothy Geithner Will Stay On As Treasury Secretary…

Tim Geithner Has the Power to Push the U.S. to DefaultFollowing the week from hell, and indications from Geithner that he would be exiting the Obama administration after the debt-ceiling debate was over, Treasury Secretary Timothy Geithner has told Obama that he will stick around throughout Obama’s re-election campaign.

This announcement comes on the heels of the U.S. having its first-ever credit rating downgrade, Wall Street losing over 500 points in a single day, and the nation sinking deeper into debt–all in the past week.

Geithner had famously announced that the U.S. would never lose it’s AAA credit rating–which it did on Friday.

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