Geithner won’t leave until 2013: White House

U.S. Treasury Secretary Geithner speaks during a panel discussion hosted by the Los Angeles World Affairs Council titled "The U.S. and World Economies: An Overview" in Los AngelesWASHINGTON (Reuters) – Treasury Secretary Timothy Geithner plans to stay into early next year to help the Obama administration forge a deal with lawmakers to avert the looming fiscal crisis, the White House said on Friday. The Obama administration and Congress have less than two months to soften the blow from the "fiscal cliff" or $ 600 billion worth of tax hikes and spending cuts that will be sucked out of the economy next year if Washington fails to act to change current law. …




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