Geithner sticking around for time being
Amid rumors of his imminent departure, Treasury Secretary Timothy Geithner said on Thursday that he will continue working his current job for the "foreseeable future."
Speaking to former President Bill Clinton onstage at a meeting of the Clinton Global Initiative, Geithner nipped rumors in the bud that he would be stepping down if and when a deal was reached on raising the country's debt ceiling.
"I live for this work. It's the only thing I've ever done. I believe in it," he told Clinton, according to the Associated Press.
If Geithner were to step down, it would make him the fourth high-profile member of the president's economic brain trust to do so, after former Council of Economic Advisers Chairwoman Christina Romer, former National Economic Council Chairman Lawrence Summers, and Austan Goolsbee, who succeeded Romer but will be leaving soon.
But, with enough tension already surrounding the debt talks, Geithner made it clear that now is not a good time to talk about any potential departure.
"We have a lot of challenges in the country, and I'm going to be doing it for the foreseeable future," he said.