Wednesday, March 14, 2012

Senate confirms Geithner as treasury secretary

New York Federal Reserve Bank President Timothy Geithner won confirmation Monday as President Barack Obama's treasury secretary despite personal tax lapses that turned more than a third of the Senate against him. Obama immediately put him to work fixing an economy in "dangerous jeopardy."

"We can't waste a day," Obama said, standing beside Geithner as he was sworn into office by Vice President Joe Biden.

The Senate voted 60-34 to put Geithner in charge of the administration's economic team as it races to halt the worst financial slide in generations. The swearing-in followed less than an hour later, the administration seeking to emphasize …

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