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  • 3
    Jan
    2013
    2:59pm, EST

    Geithner to leave Treasury post by this month?

    By NBC's Mark Murray

    Earlier today, Bloomberg News reported that Treasury Secretary Tim Geithner is planning to leave the Obama administration by the end of January, even if the White House and Congress haven't yet reached a deal on the debt ceiling by then.

    In response to a question from First Read about the article, a Treasury spokesperson says that Geithner has previously stated he plans to stay "until around the inauguration" -- so late January.

    "Secretary Geithner has previously stated that he plans to be at Treasury until around the inauguration," the spokesperson said. "We do not plan to make any further announcements about the timing of the Secretary's departure until after his successor is named."

    Geithner, 51, is the only remaining original member of Obama's cabinet and has been an instrumental figure in the administration's handling of the bank bailouts and economic recovery efforts in the wake of the 2008 financial crisis. 

    Prior to joining the Obama administration, Geithner served as the president and CEO of the Federal Reserve Bank of New York. He first joined the Treasury department in 1988 and served in various roles under three separate administrations.  

    One possible contender for the job after Geithner's departure is current White House Chief of Staff Jack Lew, who previously served as the Director of the Office of Management and Budget.

    NBC's Carrie Dann contributed to this report.  

     

    206 comments

    Another DemocRAT scurrying off the sinking ship.

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Chuck Todd

Chuck Todd became NBC News’ political director in March 2007. He also serves as NBC News' on-air political analyst for "NBC Nightly News with Brian Williams," "Today," "Meet the Press and MSNBC, including "Hardball with Chris Matthews."

Mark Murray

Mark Murray is NBC News' Senior Political Editor. Since joining the network in 2003, he has reported on and written about political races, trends, and issues -- including the 2003 California recall, the 2004 Bush-Kerry presidential race, the 2006 midterm elections, the 2008 presidential contest, the 2010 midterms, and the 2012 presidential race.

Domenico Montanaro

Domenico Montanaro is NBC News' Deputy Political Editor. He writes, reports and edits for First Read, the network's political blog, provides editorial guidance for NBC's broadcast shows and online content, and appears on air. He has covered the 2008 and 2012 presidential elections for NBC and has reported from Capitol Hill.

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