Treasury secretary – News Stories About Treasury secretary - Page 6

Nov 6, 2008 2:50 PM CST

Rubin Won't Take Treasury Post

Decision paves the way for another former Secretary, Lawrence Summers

(Newser) - Former Treasury Secretary Robert Rubin, a top economic adviser to Barack Obama during the campaign, will not reprise that Cabinet role in the new administration, Bloomberg reports. “I've spoken with him and told him I'm not interested in going back into government,” Rubin said today. His denial boosts...

Obama Gets Down to Business

Nov 6, 2008 4:20 AM CST

Obama Gets Down to Business

Treasury chief may be announced today as transition gears up

(Newser) - The Barack Obama team is swiftly dismantling his presidential campaign network and getting the framework in place for the transfer of power, the Washington Post reports. Economic issues are taking priority and the president-elect may announce his Treasury secretary as soon as today. Sources say New York Fed Chief Timothy...

Paulson Can't Sack AIG Execs

analysis

Oct 10, 2008 6:58 PM CDT

Paulson Can't Sack AIG Execs

(Newser) - Barack Obama is probably far from alone in wanting the heads of AIG execs who staged a $440,000 employee spa retreat just after the government's bailout of the company. The question is, does Treasury Secretary Henry Paulson have the authority to can the wayward execs? Nope, explains Juliet Lapidos...

Candidates Diverge on Picking the Next Paulson

Oct 7, 2008 5:34 AM CDT

Candidates Diverge on Picking the Next Paulson

McCain looks to big names; Obama seeks to sooth markets

(Newser) - The post of Treasury secretary may be the most important appointment the next president has to make and John McCain and Barack Obama seem to be using different criteria, Bloomberg reports. McCain has mentioned big names like billionaire investor Warren Buffett and former eBay CEO Meg Whitman, while insiders say...

Bailout Won't
Bail Out Bernanke

OPINION

Oct 6, 2008 2:42 PM CDT

Bailout Won't Bail Out Bernanke

Nation needs explanation of how it will help

(Newser) - The economic bailout plan does nothing to address the "collapse in confidence" hammering the financial system, Christopher Carroll writes for the Financial Times. Using the example of the "Bank of Rome" in August, 79 AD, the Johns Hopkins economist argues that the plan makes as much sense...

Paulson's Power Would Be
Unprecedented

analysis

Sep 29, 2008 10:41 AM CDT

Paulson's Power Would Be Unprecedented

Some checks from Congress, but Treasury will hold the keys

(Newser) - Though its passage remains uncertain, the bailout bill would make Henry Paulson the most powerful mortgage financier in history, Peter Gosselin writes in the Los Angeles Times. Paulson got nearly everything he asked for; restrictions supposedly reining him in are little more than window dressing. Additions like the Democrats’ housing-relief...

Washington Wants to Know Who Replaces Hank

ANALYSIS

Sep 25, 2008 11:43 AM CDT

Washington Wants to Know Who Replaces Hank

Successor for Treasury Secretary a major question in bailout debate

(Newser) - With the Treasury Secretary looking to get $700 billion to spend on the bailout, Washington is starting to focus on who might replace Henry Paulson when a new administration takes over in January, the Post reports. Neither candidate has given in to requests for names, but speculation has centered on...

Paulson's
'Amazing
Power Grab'

OPINION

Sep 23, 2008 8:19 AM CDT

Paulson's 'Amazing Power Grab'

Financial equivalent of the Patriot Act steams through Congress

(Newser) - Henry Paulson's Troubled Asset Relief Program is the “most amazing power grab in the history of the American economy,” writes Andrew Ross Sorkin in the New York Times, “the financial equivalent of the Patriot Act.” The initial draft of the bill circulating yesterday is not only...

Paulson's New Powers Put More Focus on Successor

ANALYSIS

Sep 22, 2008 9:53 AM CDT

Paulson's New Powers Put More Focus on Successor

Obama could keep Treasury chief; weak-on-economy McCain seen to have few options

(Newser) - Henry Paulson’s handling of Wall Street’s financial crisis has consolidated so much power for the Treasury secretary that Barack Obama is considering keeping him on board if he wins the November election, the New York Times reports—and it’s heightened speculation about who might succeed him in...