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Obama's Cabinet
Secretary of Treasury - Tim Geithner (Announced)
12.1.08, 03:08 PM CST
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‹‹ President-Elect Obama's Cabinet Secretary of State - Hillary Clinton (Announced) ››

Tim Geithner, 47, is the former president of the Federal Reserve Bank of New York, the ninth person to hold that position. When entering that position, Mr. Geithner was also made vice chairman and permanent member of the Federal Open Market Committee, whose role is devising monetary policy. He was responsible for arranging the rescue and sale of Bear Stearns in March 2008.

Mr. Geithner has worked in the Treasury Department since 1988, previously working for Kissinger Associates in Washington D.C. He has worked under three administrations and five Treasury Secretaries in various positions. From 1999 to 2001, Mr. Geithner served under Secretaries Robert Rubin and Lawrence Summers as Under Secretary of the Treasury for International Affairs. From 2001 to 2003, he served as director of the Policy Development Review Department at the IMF.

Mr. Geithner received a B.A. from Dartmouth College in 1983 and a master’s in International Economics and East Asian Studies in 1985 from Johns Hopkins. Mr. Geithner has studied and lived in various foreign countries such as East African, Japan, China, and Thailand.

He currently serves as chairman of the G-10’s Committee on Payment and Settlement Systems of the Bank for International Settlements and is a member of the Council on Foreign Relations and the Group of Thirty.

‹‹ President-Elect Obama's Cabinet Secretary of State - Hillary Clinton (Announced) ››