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Timothy Geithner

Government Official

Born: 18 August 1961
Birthplace: Brooklyn, New York
Best known as:

U.S. Secretary of the Treasury, 2009-2013

Timothy Geithner was the Secretary of the Treasury under U.S. President Barack Obama from 2009-13. Geithner spent much of his childhood overseas; his father, Peter Geithner, worked for the Ford Foundation's Asia program. Timothy Geithner graduated from Dartmouth College in 1983 with a degree in government and Asian studies. He followed that with a master's degree from Johns Hopkins in East Asian studies and International Economics in 1985. He worked for Kissinger and Associates (the consulting firm of former Secretary of State Henry Kissinger) from 1985-88, then joined the Department of the Treasury in 1988. He "worked in three administrations for five Secretaries of the Treasury in a variety of positions," according to his biography from the Federal Reserve. He also worked at the International Monetary Fund before being named president of the Federal Reserve Bank of New York in 2003. Called "relatively young, largely unknown and a proud workaholic" by The Wall Street Journal, Geithner has close ties to Lawrence Summers and Robert Rubin, both secretaries of the Treasury under Bill Clinton.  Obama, also a Democrat, chose Geithner for the same post at the start of his first term. Much of Geithner's time in office was spent wrangling the aftereffects of the economic crash of 2008. He was instrumental in working out the banking deals that helped get things under control in 2009, although critics on the right and left said he was either too hard on, or too chummy with, Wall Street. He stepped down at the end of Obama's first term, and was replaced in 2013 by Jacob "Jack" Lew.

 

Extra credit:

Timothy Geithner's last name is pronounced GITE-ner... Timothy Geithner married the former Carole Sonnenfeld in 1985; they met at Dartmouth. They have a son, Benjamin, and a daughter, Elise... Timothy Geithner was called "a keen tennis player and an enthusiastic, if inexpert, skier" by The Financial Times in 2009.

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More on Timothy Geithner from Infoplease:

  • Timothy Geithner - Biography of Timothy Geithner, U.S. Secretary of the Treasury, 2009-2013
  • Lawrence Summers - Biography of Lawrence Summers, Director of the U.S. National Economic Council, 2009-present
  • Henry Paulson, Jr. - Biography of Henry Paulson, Jr., U.S. Secretary of the Treasury, 2006-09
  • Year in Review, 2008 - An overview of President-elect Barack Obama's cabinet nominees.
  • Jack Lew - Biography of Jack Lew, U.S. Secretary of the Treasury, 2013-
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