Geithner confirmed as Treasury secretary

01/27/2009 | CNBC · NYTimes.com

The Senate voted 60-34 to confirm Timothy Geithner as secretary of the Treasury despite concerns about his personal tax history. President Barack Obama's administration had hoped Geithner would be confirmed immediately after Obama's inauguration, but the tax controversy delayed that action. Those who were opposed to Geithner heading the Treasury cited the tax issue and the role he played in government rescues of financial institutions as president of the Federal Reserve Bank of New York.

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