Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government will exhaust its borrowing limit as soon as mid-February, earlier than expected.
President Barack Obama is urging Congress to pass an extension of tax cuts for middle class families, saying a tax increase for them would be like a "lump of coal" for Christmas.
Republican congressional leaders are accusing Democrats of moving the nation closer to the "fiscal cliff," by refusing to outline possible spending cuts.
Treasury Secretary Timothy Geithner says Europe has the financial wherewithal to deal with the region's crippling financial crisis and bolster the eurozone in the long-run.
Treasury Secretary Timothy Geithner is urging European leaders to provide more details as soon as possible on their plans to resolve the continent's debt crisis.
A senior administration official says that the Treasury Department plans to release information about its forthcoming plan to overhaul the corporate tax system on Wednesday.
Treasury Secretary Timothy Geithner is pushing back against critics of the 2010 financial overhaul, saying tighter regulations are making the financial system stronger and safer.