TIMOTHY GEITHNER

Forex - Treasury's Geithner says US economy slowly on mend

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The U.S. economy is still in a tough spot but is gradually regaining its balance after a series of policy mistakes that made the country weaker and less secure, Treasury Secretary Timothy Geithner said on Wednesday. We are coming back, and we are coming back faster and stronger than most people predicted -- faster and stronger than Europe and Japan, Geithner said after meeting with steel executives and union leaders here.

Geithner confident China will move on currency

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PITTSBURGH, March 31 (Reuters) - U.S. Treasury Secretary Timothy Geithner expressed confidence on Wednesday that China will decide it is in its interest to make its yuan currency more flexible, but did not say when that might happen.
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Geithner: Keep public role in housing finance

The government should continue to play a role in any new system of housing finance Congress develops, Treasury Secretary Timothy Geithner told lawmakers on Tuesday as they began to debate an overhaul of the way Americans buy their homes.
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Geithner calls for housing finance revamp

The U.S. mortgage finance system should be revamped, government guarantees should be clearly defined and risk priced accordingly, Treasury Secretary Timothy Geithner plans to tell Congress on Tuesday.
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Geithner: Financial reform must shield consumers

Treasury Secretary Timothy Geithner on Monday will reaffirm the Obama administration's demands for a financial reform bill that provides strong protections for consumers and strong constraints on risk taking by big financial firms.
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House GOP calls for Fannie, Freddie phase out

Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
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Fed's Bernanke sees U.S. backing Fannie, Freddie debt

Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.
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House panel to explore Lehman examiner report

A House panel will hold a hearing exploring regulatory failures leading up to the collapse of Lehman Brothers, after a court-appointed examiner report found elaborate accounting tricks that helped to hide the investment bank's insolvency.
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Republican lawmaker seeks hearing on Lehman report

A Republican lawmaker requested a congressional hearing on a bankruptcy examiner's report on Lehman Brothers Holdings Inc , saying the findings cast doubts on the Federal Reserve's supervisory role.
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Senate bill would penalize China over yuan

Members of Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.
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EU hedge fund row ends in stalemate

European Union finance chiefs failed on Tuesday to resolve a row over new rules to control hedge funds, a spokeswoman for the EU's Spanish presidency said.
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Lawmakers press for action on China currency

President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
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U.S. lawmakers press for action on China currency

President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
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U.S. warns EU of rift over fund regulation: report

U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported.
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Geithner urges reform on housing finance market

Treasury Secretary Timothy Geithner said on Wednesday that fundamental reform of the government's role in the housing finance market is needed and it will be next year before proposals are ready for Congress.
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Geithner vows to continue financial stabilization

Treasury Secretary Timothy Geithner on Tuesday said the Obama administration's strategy to halt recession and contain the financial crisis has been effective, but vowed to continue stabilization efforts.
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Greece wants speculative curbs, U.S. has own plan

Top Greek officials pressed their case on Tuesday for curbs on speculative trading they blame for pushing the country into crisis, but the Obama administration reacted coolly, saying it was working on its own plans to make trading more transparent.
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Greece calls for ban on speculative trading

Greek Finance Minister George Papaconstantinou on Tuesday proposed a ban on derivative trading techniques that increase debt costs for countries like Greece which struggle to cut their deficits.
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Wind Energy Stimulus Funds Benefiting Foreign Workers, Senators Charge

Four Democratic senators entered into the clean energy vs. jobs fray, charging that too much federal stimulus money for wind energy projects is going to foreign suppliers and creating jobs abroad instead of in the U.S. The administration and the domestic wind energy industry immediately rejected the lawmakers' charges, as the political pressure to reduce unemployment continued to fuel the economic debate in Washington.

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