Posts Tagged ‘Timothy Geithner’

Why Did Geithner Contradicted Congressional Testimony in 24 Hours?

Saturday, April 11th, 2009

CNS News:

(CNSNews.com) - An Arizona congressman wants to know why Treasury Secretary Timothy Geithner isn’t facing tough questions over his apparent about-face on whether the U.S. would consider China’s request to abandon the dollar as the global currency, in favor of a mix of currencies.

Geithner told Congress under oath Tuesday that he wouldn’t consider China’s proposal to shift away from the U.S. dollar toward a world currency — then the following day (Wednesday) said the U.S. would “be open” to the idea.

Rep.┬áJohn Shadegg (R.-Ariz.) thinks the Treasury secretary’s swift about face demands an explanation.