As the deadline to raise the U.S. debt limit creeps nearer, Bloomberg is reporting that Treasury Secretary Timothy Geithner is mulling a departure from the administration after a deficit deal between Congress and the White House is forged.
[Geithner] signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.
Geithner hasn’t made a final decision and won’t do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to discuss private discussions.
Update: In an appearance with former President Bill Clinton at a Clinton Global Initiative event Thursday evening, Geithner said for the "foreseeable future," he will continue in his position. "I live for this work. It's the only thing I've ever done. I believe in it," he said, according to the AP. Geithner added: "We have a lot of challenges in the country and I'm going to be doing it for the foreseeable future."