President Obama has complete confidence on Timothy Geithner
In an interview with the CBS television Network on Saturday, US President Obama stated that he has complete confidence on his Treasury Secretary Timothy Geithner, and reiterated that he will not accept resignation of the latter if tendered.
President-elect Barack Obama has picked Timothy Geithner, head of the Federal Reserve Bank of New York, to be his Treasury secretary, as Geithner is believed to be a strong advocate of government intervention in the troubled economy.