(KUNA) -- Treasury Secretary Timothy Geithner has hinted to the White House that he could leave his job next fall, US media reported late on Thursday.
First reported by Bloomberg News, White House officials said on condition of anonymity that Geithner told President Barack B.O. Obama that he is considering leaving his post when the White House reaches an agreement with Congress on raising the federal debt limit and if the US economic conditions are stronger.
The speculation about his future started when Geithner said in a speech in Chicago at the Clinton Global Initiative "I live for this work" and added "it is the only thing I have ever done. I believe in it. We have a lot of challenges as a country. I am going to be doing it for the foreseeable future".
The Treasury Secretary affirmed that the US risks of defaulting on its obligations if Congress failed to raise the USD 14.3 trillion federal debts ceiling by August 2, but negotiations between the administration and Congress have reached a stalemate in the past few weeks.
Geithner reportedly wants to leave his job for personal reasons since his family is moving to New York next fall and his son is finishing his final year of high school. He plans to commute between New York and Washington next fall unless conditions allow him to leave his post. |