Senate committee approves Geithner to be Treasury secretary

By DPA,

Washington : The US Senate Finance Committee Thursday approved Timothy Geithner’s nomination to be Treasury secretary in President Barack Obama’s administration, paving the way for Geithner’s confirmation by the full US Senate.


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The Finance Committee voted 18-5 to send Geithner’s nomination to the Senate, which could confirm his appointment later this week.

Geithner’s confirmation was delayed – meaning Obama’s economic team was not in place by his inauguration Tuesday – after it emerged that he had failed to pay $34,000 in taxes earlier this decade.

Geithner has since paid the back taxes and apologised for the “mistake” in a confirmation hearing Wednesday, but some Republicans said the issue raised questions about his judgement suitability to the job.

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