Geithner considers future

TIMOTHY Geithner, the US Treasury Secretary, may step down this year but will hold off on any decision until after the negotiations to fix the US national debt limit are resolved, sources close to him said yesterday.

A US Treasury official confirmed that Geithner, a critical member of president Barack Obama’s administration, had not yet made a decision on whether to leave.

Reports have suggested that Geithner’s family considerations were among factors he has been considering ahead of a decision. Sources said the Treasury chief sees a potential window to depart after a deal to raise the debt limit and reduce the US deficit is reached.

Geithner is the last remaining top member of Obama’s original economic team. Council of Economic Advisers chairman Austan Goolsbee is also planning to return to the University of Chicago in August.