Washington, DC—Senate Majority Leader Harry Reid made the following statement today following Treasury Secretary-designee Timothy Geithner’s confirmation hearing before the Senate Finance Committee:
“This is a historically critical time for Americans to have sound and experienced leadership at the Treasury Department, and Tim Geithner is exactly the man for the job. His testimony before the Finance Committee today showed why Mr. Geithner is qualified and capable of righting this ship, and the ongoing struggles in the markets and in homes around the country show why he must be confirmed without delay.
“From his time as the President of the Federal Reserve Bank of New York, and in leadership roles at the Treasury Department, IMF and the Council on Foreign Relations, Mr. Geithner knows not only how to work within the federal government, but also how to navigate the complex financial world.
“I look forward to the Senate confirming him as soon as possible so we can rebuild our broken economy in a way that once again puts the American people first.”