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Geithner Confirmation Hearing Postponed


Timothy Geithner, the nominee for treasury secretary, left, has had his confirmation hearing postponed until after Inauguration Day. (Chip Somodevilla/Bloomberg News)

Updated 12:28 p.m.
By Shailagh Murray
Senate Finance Committee Chairman Max Baucus said the confirmation hearing for Timothy F. Geithner would be held by next Wednesday, but added that the delay does not signal that Barack Obama's pick for treasury secretary is in jeopardy.

"He'll clearly get confirmed -- that's a given," Baucus told reporters this morning.
Geithner met with committee members yesterday to explain why he had made nearly $43,000 worth of mistakes on recent federal tax returns. He told the panel that the errors were unintentional, committed while he was working for the International Monetary Fund, which follows a different tax regime than U.S. companies.

But Sen. Charles Grassley (Iowa), ranking Republican on Finance, said he wasn't so sure of Geithner's fate. "I don't know at this point," said Grassley. "You want to wait and make a judgment after the hearing, because you don't know if another shoe is going to drop."

Baucus said no further Finance Committee meetings had been scheduled on the matter. "His accountant did not serve him well," he noted.

Late Tuesday, Republican Sens. Jim Bunning (Ky.) and Jon Kyl (Ariz.), both Finance committee members, blocked Baucus's request to proceed with a Geithner hearing on Friday. But few GOP senators seem prepared to vote against the nominee, currently the president of the Federal Reserve Bank of New York.

Baucus announced this morning that he had scheduled the hearing next Wednesday, but said the committee could move more quickly if Bunning and Kyl retreat.

"I think he's a good man. He really knows his stuff," said Sen. Pat Roberts (R-Kan.), a Finance member. "My guesstimate is that he'll be approved with my vote."

Sen. Orrin Hatch (R-Utah), the second-ranking GOP member of the panel, said Geithner had made "mistakes" but said, "If we want perfection around here, we'll never have anyone for any one of these positions."

Posted at 11:36 AM ET on Jan 14, 2009  | Category:  Cabinet
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Comments

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I think it speaks to the bankruptcy of standards in our Congress to agree to confirm someone who intentionally cheats on his taxes as the overseer of the IRS. I can only assume that many of these Congress members are committing tax fraud themselves, or do not believe in the right of government to impose taxes, in order to go along with Geithner's confirmation. On the other hand Eric Holder had to take heat for approving clemency towards a tax evader while the same members of Congress exhibit their own leniency towards another. Now that's hypocrisy at its best. Not that I am a defender of Marc Rich, but ultimately it is Bill Clinton's pardon and he should be the one responsible for that disgraceful pardon.

Posted by: maherg | January 16, 2009 1:07 PM

Hey Ralphinphnx -- where are you from that's so freaking great? Just curious as to your source of superiority given that you are in such high standing as to be able to condemn the entire population of Chicago in one blanket statement.

P.S. did any of you hardliner repugs ever encounter an exercise in deductive reasoning that you didn't despise?

Posted by: htruman | January 14, 2009 5:44 PM

WOW htruman.. you sure put me in my place with that insult! dang! i'm really hurt! how can you come up with such scathing and blistering attacks!?!? you are amazing!!!

Posted by: DriveByPoster | January 14, 2009 4:43 PM

-------------------------------------------

Why dearest DriveByPoster, the answer is simple. It appears that you and your vitriolic sound biters (fat boys Sean and Rush anyone, anyone?) must be contagious.

If you have an alternate proposal for the post of SOT I'd be happy to deliberate it with you in a civil fashion. But somehow I get the sense that you'd rather rant and rave about how the world sucks and everything's futile.

As I said earlier, good luck with that!

Posted by: htruman | January 14, 2009 5:39 PM

Drive By Poster and Ralph in Phoenix will be available to sign your copy of their new rap CD this weekend in front of the Circuit City they used to work for in the Downtown mall.

Posted by: JohnQuimby | January 14, 2009 5:23 PM

John McCain isn't the only major embarrassment we have in Arizona-

CALL KYL'S OFFICE!

Washington office is 202-224-4521
Phoenix office is 602-840-1891
Tucson office is 502-575-8633

Posted by: kase | January 14, 2009 4:56 PM


WOW htruman.. you sure put me in my place with that insult! dang! i'm really hurt! how can you come up with such scathing and blistering attacks!?!? you are amazing!!!

Posted by: DriveByPoster | January 14, 2009 4:43 PM


obama dude addresses the american people, "so my secretary of state made a little mistake when she said the was being chased around the bosnian airport by snipers... so my secretary of treasury timmy boy made a little mistake and forgot pay his taxes for three years... but at least we don't torture. well actually, my secretary of defense gates is telling me, "we 'sort of' don't torture... unless of course we have to.""

and the crowds go wild!

CLAP! CLAP! CLAP! CLAP!
CLAP! CLAP! CLAP! CLAP!
CLAP! CLAP! CLAP! CLAP!
CLAP! CLAP! CLAP! CLAP!

and the sun sets, the obama dude makes the "CHANGE" he promised us for the last 2 years of his campaign, and "CHANGES" from his 3 piece armani suit to his 2 piece armani suit, and walks out and boards his sikorsky helicopter marine one which is parked on his lawn, for that long 4 minute ride to his personal luxury boeing 747 air force 1 parked at andrews afb for that long 18 minute ride to laguardia international so that he can take that long 7 minute limousine motorcade in mobile one to have a coney dog with the queen at the bargain basement price of only $1,428,283.34

as mel brooks said in 'history of the world', "it's good to be the king"

Posted by: DriveByPoster | January 14, 2009 4:37 PM

Ralphinphnx, c'mon, tell us how you really feel.

Posted by: JRM2 | January 14, 2009 4:28 PM

This Geithner The Tax Cheat Crook Must Go
Or the Great Fake Messiah Phony President
Elect Liar In Chief Barack Hussein Obama has proven once again Obama's Lies about
"Change We Can Believe In" are all more damn phony BS out of Obama Fraud.

First We Had Chicago Scumbag Rahm Emmanuel
and Dirtbag David Axelrod name to Obama's
White House Staff,and then the Gov Rod
Blagojevich Senate Seat Sale Scandal and
next Fats Bill Richardson facing criminal
investigations in New Mexico and now we have yet another one in Obama's Treasury
Secretary Choice Tax Cheat Crook Geithner
so when Mr Obama does this slimey crap of
yours ever end Obama,you disgrace to the
Office of President? It's time Barack Obama
himself Resign or Be Removed on Jan 21 2009
by Impeachment. We Are Fed Up With Crooks
in Our Own White House Barack Obama You
Phony Chicago Political Scumbag.

Posted by: Ralphinphnx | January 14, 2009 4:22 PM

This Geithner The Tax Cheat Crook Must Go
Or the Great Fake Messiah Phony President
Elect Liar In Chief Barack Hussein Obama has proven once again Obama's Lies about
"Change We Can Believe In" are all more damn phony BS out of Obama Fraud.

First We Had Chicago Scumbag Rahm Emmanuel
and Dirtbag David Axelrod name to Obama's
White House Staff,and then the Gov Rod
Blagojevich Senate Seat Sale Scandal and
next Fats Bill Richardson facing criminal
investigations in New Mexico and now we have yet another one in Obama's Treasury
Secretary Choice Tax Cheat Crook Geithner
so when Mr Obama does this slimey crap of
yours ever end Obama,you disgrace to the
Office of President? It's time Barack Obama
himself Resign or Be Removed on Jan 21 2009
by Impeachment. We Are Fed Up With Crooks
in Our Own White House Barack Obama You
Phony Chicago Political Scumbag.

Posted by: Ralphinphnx | January 14, 2009 4:22 PM

DriveByPoster - thanks for confirming my suspision, which is that you don't know anything about the topic at hand. And to think, all that Fox news you watch and you have nothing to show for it.

No wonder you feel hostility towards immigrants, even they with their complete lack of opportunity are more marketable than you in the global workforce.

Good luck! Must be a very, very scary world to live in when you have no clue what's happening :(

Posted by: htruman | January 14, 2009 4:20 PM

Baird and Woods were sent packing for less.

How is it that we are in such financially dire times yet they seem it fit to nominate a person who has shunned the rules? He certainly can't be the only person capable of holding this post.

What message will this send if he is confirmed knowing he will head the IRS yet has failed (until nominated) to pay his own taxes?

Posted by: jcyr4 | January 14, 2009 2:01 PM

-------------------------------------------

jcyr4 -- SOT isn't a glorified IRS post. In fact the role at hand has very little overlap with that. The SOT position has evolved to become the Administration’s top macroeconomic advisory post. That's why the likes of Hank Paulson, Larry Summers and Bob Rubin have held the post in the recent past. And no, none of these individuals was brought on to serve as the figurehead for the IRS. They were all brought on to grapple with issues such as moving China away from a centrally managed currency, and brokering economic stability between the IMF and flagging east Asian and Russian economies. That's why the whole notion that the misinformed, hardliner republicans are trying to politicize this is so absurd. Sorry, but if this was any other cabinet post, i.e. one where a politician is enlisted like the SOS or AG posts, then I could sympathize. But it's not. We're hiring a freakin economist here people, and the U.S. needs a very good one at that. Geithner is the man for the job.

Posted by: htruman | January 14, 2009 4:14 PM

htruman wrote, "blah blah blah, blah blah blah."

---------------------

well, this is certainly interesting. i never said i was a repub, did i? or for that matter, did i ever say i was a dem? gee. i don't i don't think i ever did, but that certainly didn't stop you from your little personal ad hominem attack on me, now did it? if you read my previous post.. all i friggin want is what was PROMISED to me and the rest of this country.

I WANT CHANGE. THIS COUNTRY NEEDS CHANGE.

it doesn't need a mental case like hillary.. or a womanizer like bill, or a tax evader like geithner, or a chief of staff with some really bad ties to blagojevich and reznik.. i would go on, but nahhh, you know what i'm talking about. you just won't admit it. very much like the republicans wouldn't admit anything was EVER wrong with their administration. funny, you are wearing the same shoe, but now on YOUR foot.

and you might also notice, that i didn't say the american people wanted PERFECTION.. i said they just DON'T WANT CORRUPTION.

is that like reaaaaaaly difficult for you to understand?

do you want me to maybe draw you a little diagram?

or maybe put it in a little ez reader book, like "the pet goat"?

Posted by: DriveByPoster | January 14, 2009 4:00 PM

John McCain isn't the only major embarrassment we have in Arizona-

CALL KYL'S OFFICE!

Washington office is 202-224-4521
Phoenix office is 602-840-1891
Tucson office is 502-575-8633

Posted by: kase | January 14, 2009 3:55 PM

John McCain isn't the only major embarrassment we have in Arizona-

CALL KYL'S OFFICE!

Washington office is 202-224-4521
Phoenix office is 602-840-1891
Tucson office is 502-575-8633

Posted by: kase | January 14, 2009 3:52 PM

Dear DriveByPoster. You lost, it's over and finito for your sorry bitter cause. Give it a rest man because the zenophobic, misinformed perception of you and your ilk is only going to lead to more political losses. Can't wait until the moderate Repubs dump your kind like a smessy trash heap at the landfill. But rejoice non-participation in the political outcome will free up plenty of time for you all to be fake Christians, and to heckle people who you perceive to be worse off than you. Oh and did I mention fat boys time! You'll have more time to rant and rave with Sean and Rush! Yippee, what a blessing for all mankind!!!!

Posted by: htruman | January 14, 2009 3:42 PM

the story reads, " Sen. Orrin Hatch (R-Utah), the second-ranking GOP member of the panel, said Geithner had made "mistakes" but said, "If we want perfection around here, we'll never have anyone for any one of these positions." "

-----------------------

you are absolutely correct sen hatch.

the american people DON'T EXPECT PERFECTION... BUT, the american people sure as hell WON'T TOLERATE CORRUPTION. of this, i am certain.

obviously obama has drastically lowered the bar for certain members of his cabinet.

but then, it will only reflect on himself, the same way bush's choices reflected on him.

Posted by: DriveByPoster | January 14, 2009 3:37 PM

John McCain isn't the only major embarrassment we have in Arizona-

CALL KYL'S OFFICE!

Washington office is 202-224-4521
Phoenix office is 602-840-1891
Tucson office is 502-575-8633

Posted by: kase | January 14, 2009 3:34 PM


ozpunk wrote, "He has already paid the back taxes with interest. This is a non-issue, he will be confirmed, it was just an accounting mistake."

-----------

yea? well that's nice. it doesn't change anything though. if you had the presumptive secretary of agriculture that had employed 10,000 illegals from mexico to pick his chili down in las cruces, new mexico, but fired them all before going before the senate confirmation hearing, the fact remains. he employed illegals. the simple fact here about timmy boy, is he didn't pay some back taxes for 3 years.

end of story. and now if you will excuse me.. i'm going to go out and get the worlds's tiniest violin and play you a little, sad, sad, song.

Posted by: DriveByPoster | January 14, 2009 3:21 PM

we'll have a friggin LOON that has no concept of reality who thinks she was getting chased around an airport in bosnia by a sniper as secretary of state.

we'll have a TAX EVADER as secretary of treasury.

we ALMOST had a "pay for play" governor of new mexico bill richardson as secretary of commerce...

WHAT'S NEXT MISTER OBAMA DUDE?

does your sec of the interior have plans to open strip mining in yellowstone nat'l park or maybe drain the everglades and build a cement factory?

"CHANGE", huh obama?

in six days, you will do the exact thing your predecessor, the cheerleading fool bush used to do. you will hide under your bed and only come out on groundhog day for 5 minutes of daylight. and those 5 minutes, you will talk to the cameras, not field questions by the press, but most importantly not field questions by the american people.

"change in government."

if you look that up in "websters", it cites an example.. it says, "when obama investigates obama and determines obama didn't do have dealings with blagojevich"

that's such wonderful "change" from george "i'm the decider" bush.


Posted by: DriveByPoster | January 14, 2009 3:12 PM

He has already paid the back taxes with interest. This is a non-issue, he will be confirmed, it was just an accounting mistake.

Posted by: ozpunk | January 14, 2009 3:04 PM

timothy geithner, the proposed SECRETARY OF TREASURY doesn't pay his taxes.

various corrupt GOPers, "he made a little mistake" and "he really knows his stuff"

obama; "you're doing a helluva job timmy!"

f* this. he didn't pay his taxes! you don't put a convicted arsonist in the fire chief role. you just don't do it.

well, you DO, if you are corrupt yourself.

right 'bama dude?

Posted by: DriveByPoster | January 14, 2009 2:50 PM

not be confirmed, not not be conformed...

Drat my blind left eye.

Posted by: laloomis | January 14, 2009 2:34 PM

HLBeckPE

Great take.

Posted by: JohnQuimby | January 14, 2009 2:33 PM

Just want to point out tht the in-depth reporting about Geithner at Politico to which NotBubba linked was done by Jeff Gerth of ProPublica, an independent reporting group financed in large part by Herb and Marion Sandler, former CEOs of Golden West Financial.

I think Geithner should go--and by that I mean away, and despite what Baucus and others are saying, not be conformed to fill the Treasury post.

Posted by: laloomis | January 14, 2009 2:32 PM

Baird and Woods were sent packing for less.

How is it that we are in such financially dire times yet they seem it fit to nominate a person who has shunned the rules? He certainly can't be the only person capable of holding this post.

What message will this send if he is confirmed knowing he will head the IRS yet has failed (until nominated) to pay his own taxes?

Posted by: jcyr4 | January 14, 2009 2:01 PM

Ask Linda Chavez and Zoe Baird what their opinion is! I guess men get to "skate" with Obama when they have a Nannygate issue.

Posted by: Phil6 | January 14, 2009 1:43 PM

He's toast. Only Obama and Geithner are the only two who don't know it. Yet.

You can't have a tax dropout collecting taxes. Let alone managing the world's most precious financial instrument: the U.S. dollar.

If Geithner doesn't have the class and character to fall on his sword, someone from the Obama circle of princes should shove it in for him.

And for the nation's sake.

Thanks much. Old hand

Posted by: HLBeckPE | January 14, 2009 1:40 PM

It's getting worse. Link to Politico piece about Geithner's "Do as I say, not as I do" oversight, or lack of same, with Citigroup.

Any coincidence that Robert Rubin, Clinton's Secretary of the Treasury, was a Director and Temporary Chair of Citigroup during part of all this? Here's the link.

http://dyn.politico.com/members/forums/thread.cfm?catid=1&subcatid=2&threadid=1916467&start=1¤tPage=1

Posted by: NotBubba | January 14, 2009 1:38 PM

Jake D, all I can say is it wasn't "missionary".

Posted by: NotBubba | January 14, 2009 1:24 PM

This dirt on Geithner was known back in December. The Republicans are just milking it politically by making a big deal immediately before his confirmation hearing.

http://www.political-buzz.com/

Posted by: parkerfl1 | January 14, 2009 12:35 PM

What was Sen. Hatch's position on Zoe Baird?

Posted by: JakeD | January 14, 2009 11:53 AM

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