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Timothy F. Geithner
75th United States Secretary of the Treasury
Incumbent
Assumed office January 26, 2009
President	Barack Obama
Preceded by	Henry Paulson
9th President of the Federal Reserve Bank of New York
In office November 17, 2003 – January 26, 2009
Preceded by	William Joseph McDonough
Succeeded by	William C. Dudley
Personal details
Born	(1961-08-18) August 18, 1961 (age 63) Brooklyn, New York City
Nationality	American
Political party	Democratic
Spouse	Carole M. Sonnenfeld
Children	Elise and Benjamin Geithner
Alma mater	Johns Hopkins University (M.A.) Dartmouth College (A.B.)
Occupation	Civil Servant
Signature
Website	Secretary of Treasury

Timothy Franz Geithner (Template:Pron-en; born August 18, 1961) is the 75th and current United States Secretary of the Treasury, serving under President Barack Obama. He was previously the president of the Federal Reserve Bank of New York.

Geithner's position includes a large role in directing the Federal Government's spending of money on the financial crisis which began after December 2007. Specific tasks include directing the allocation of the $350 billion of Wall Street bailout TARP funds. He is currently dealing with multiple high visibility scandals, including the nationalization of several bankrupt participants in the automobile industry, the restructuring of regulation to include measures which give the Federal Reserve Bank ultimate economic authority over banks, financial institutions and insurance companies, wholesale purchase of the private mortgage market through unlimited debt ceilings at Fannie and Freddy (whom now own 97% of the mortgages in the United States), demands for protectionism, President Obama's tax changes, and collusion with foreign governments regarding global regulation and stimulus.

Family and education

Geithner was born in Brooklyn, New York City and spent most of his childhood outside the United States, including present-day Zimbabwe, Zambia, India and Thailand where he completed high school at the International School Bangkok. He attended Dartmouth College, graduating with an A.B. in government and Asian studies in 1983. In the process he studied Mandarin at Peking University in 1981 and at Beijing Normal University in 1982. He earned an M.A. in international economics and East Asian studies from Johns Hopkins University's School of Advanced International Studies in 1985. He has studied Chinese and Japanese.

Geithner's paternal grandfather, Paul Herman Geithner (1902–1972), emigrated with his parents from the German town of Zeulenroda to Philadelphia in 1908. His father, Peter F. Geithner, was the director of the Asia program at the Ford Foundation in New York in the 1990s. During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by Ann Dunham, President Barack Obama's mother, and they met in person at least once. Timothy Geithner's mother, Deborah Moore Geithner, is a pianist and piano teacher in Larchmont, New York where his parents currently reside. Geithner's maternal grandfather, Charles F. Moore, was an adviser to President Dwight D. Eisenhower and served as Vice President of Public Relations from 1952-1964 for Ford Motor Company.

Early career

Geithner worked for Kissinger Associates in Washington for three years and then joined the International Affairs division of the U.S. Treasury Department in 1988. He went on to serve as an attaché at the Embassy of the United States in Tokyo. He was deputy assistant secretary for international monetary and financial policy (1995–1996), senior deputy assistant secretary for international affairs (1996-1997), assistant secretary for international affairs (1997–1998).

He was Under Secretary of the Treasury for International Affairs (1998–2001) under Treasury Secretaries Robert Rubin and Lawrence Summers. Summers was his mentor, but other sources call him a Rubin protégé.

In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He was director of the Policy Development and Review Department (2001-2003) at the International Monetary Fund.

In October 2003 at age 42, he was named president of the Federal Reserve Bank of New York. His salary in 2007 was $398,200. Once at the New York Fed, he became Vice Chairman of the Federal Open Market Committee component. In 2006, he also became a member of the Washington-based financial advisory body, the Group of Thirty. In May 2007 he worked to reduce the capital required to run a bank. In November he rejected Sanford Weill's offer to take over as Citigroup's chief executive.

In March 2008, he arranged the rescue and sale of Bear Stearns.; In the same year, he played a supporting role to Hank Paulson, former CEO of Goldman Sachs, in the decision to bail out AIG just two days after deciding not to rescue Lehman Brothers from bankruptcy. According to some observers, Geithner severely damaged the U.S. economy. As a Treasury official, he helped manage multiple international crises of the 1990s in Brazil, Mexico, Indonesia, South Korea, and Thailand.

Geithner believes along with Henry Paulson, that the United States Department of the Treasury needs new authority to experiment with responses to the financial crisis of 2007–2010. Paulson has described Geithner as " very unusually talented young man... understands government and understands markets."

Secretary of the Treasury nomination

On November 24, 2008, then-President-elect Barack Obama announced his intention to nominate Geithner to be Treasury Secretary.

China

Geithner, and the Obama administration, appeared to adopt a somewhat confrontational stance towards China's economic policies during the campaign and the nominal period. Geithner, in written comments to the Senate Finance Committee, states that the new administration believes Beijing is "manipulating" its currency and that the Obama administration will act "aggressively" using "all the diplomatic avenues" to change China's currency practices. The Obama administration would pressure China diplomatically to change this practice, more strongly than the George W. Bush Administration did. The United States maintains that China's actions hurt American businesses and contributed to the financial crisis. In the early months of the Obama administration, Geithner continued to have a rocky relationship with the Chinese. During one of his trips in June of 2009, students at Peking University laughed at him for claiming China's US assets are safe.

Tax scandal

At the Senate confirmation hearings, it was revealed that Geithner had not paid $35,000 in self-employment taxes for several years, even though he had acknowledged his obligation to do so, and had filed a request for, and received, a payment for half the taxes owed. The failure to pay self-employment taxes, in part due to the way his employer reported his wages which was not in accordance with tax law, was noted during a 2006 audit by the Internal Revenue Service (IRS), in which Geithner was assessed additional taxes of $14,847 for the 2003 and 2004 tax years. Geithner also failed to pay the self-employment taxes for the 2001 and 2002 tax years (for which the statute of limitations had expired) until after Obama expressed his intent to nominate Geithner to be Secretary of Treasury. He also deducted the cost of his children's sleep-away camp as a dependent care expense, when only expenses for day care are eligible for the deduction. Geithner subsequently paid the IRS the additional taxes owed, and was charged $15,000 interest, but was not fined for late payment. As President of the Federal Reserve Bank of New York, Geithner annually completed an ethics statement noting any taxes due or unpaid, along with any other obligations. Geithner's completed statement did not surface during confirmation hearings.

In a statement to the Senate panel considering his nomination, Geithner called the tax issues "careless," "avoidable" and "unintentional" errors, and he said he wanted to "apologize to the committee for putting you in the position of having to spend so much time on these issues." Geithner testified that he used TurboTax to prepare his own return and that the tax errors are his own responsibility. This statement is in conflict with statements by the Obama campaign that Geithner was advised by his accountant that he did not owe the taxes. The Washington Post quoted a tax expert who said that TurboTax has not been programmed to handle self-employment taxes when the user identifies himself as being employed. Geithner said at the hearing that he was always under the impression that he was an employee, not a self-employed contractor, while he served as director of the Policy Development and Review Department of the IMF. Geithner comments are contradicted by the Senate report that showed he was not only informed of his status, but that he actively applied for the allowance.

Confirmation

On January 26, 2009, the U.S. Senate confirmed Geithner's appointment by a vote of 60–34. Geithner was sworn in as Treasury Secretary by Vice President Joe Biden and witnessed by President Barack Obama.

Secretary of the Treasury

Bank bailout

Geithner has the authority to decide what to do with the second tranche of $350 billion from the $700 billion banking bailout bill passed by Congress in October 2008. He does not need Congressional approval, but went to Congress on February 10-11 to explain his plans. He proposes to create one or more "bad banks" to buy and hold toxic assets, using a mix of taxpayer and private money. He also proposes to expand a lending program that would spend as much as $1 trillion to cover the decline in the issuance of securities backed by consumer loans. He further proposes to give banks new infusions of capital with which to lend. In exchange, banks would have to cut the salaries and perks of their executives and sharply limit dividends and corporate acquisitions. The plan has been criticized by Nobel-prize winning economist Paul Krugman as well as fellow Nobel laureate and former World Bank Chief Economist Joseph Stiglitz.

June 17, 2009:

Timothy Geithner along with President Obama proposed a new bureaucratic committee to oversee operations by the FDIC, Federal reserve, and the SEC. The committee would serve to consolidate governmental control over financials. Geithner, states “with new laws in place government will be able to take control of troubled institutions before it’s too late.”

AIG bonuses

Although President Obama expressed strong support for Geithner, the outrage over the AIG bonuses has undermined public support. AIG paid bonuses to executives in its Financial Services division after receiving more than $170 billion in federal bailout aid. Even prior to the election, senior aides to Timothy Geithner have closely dealt with American International Group Inc. on compensation issues including bonuses, both from his time as president of the Federal Reserve Bank of New York and as Treasury secretary. In early November, 2008, a committee concluded that the bonuses, which were in contracts signed before the government takeover, couldn't be legally blocked. On March 3, 2009, appearing at a hearing of the House Ways and Means Committee Rep. Joseph Crowley, a New York Democrat, asked him about the bonuses that AIG would be paying to financial-products employees "in the coming weeks." On March 11, Geithner called Mr. Edward Liddy, AIG chief, to protest the bonus payouts. Mr. Geithner and Federal Reserve Chairman Ben Bernanke attended a hearing by Congress on March 24, 2009.

China

Geithner met with Chinese Foreign Minister Yang Jiechi shortly after he assumed his role as Secretary of the Treasury. Geithner told Yang that the U.S. attaches great importance to its relations with China and that U.S.-China cooperation was essential in order for the world economy to fully recover.

During Tim Geithner's trip to China on June 1, 2009, he was asked a question from a student about the safety of Chinese investments in U.S. Treasury debt. Geithner quickly reassured the student questioner they were "Very safe", as the audience laughed.

Geithner co-chaired the high-profile U.S.–China Strategic and Economic Dialogue from July 27 to 28 in Washington, DC and led the Economic Track for the U.S. side.

Criticism

Geithner weathered a blast of criticism early in the Obama presidency, with former Republican lawmaker Connie Mack suggesting the secretary should resign over the AIG bonus scandal and Alabama Senator Richard Shelby complaining that Geithner was "out of the loop". Democrats largely rallied to Geithner's defense, and there was no serious talk of Geithner losing his job.

Eight months later, Geithner again came under fire from members of both the Congressional Progressive Caucus and the Republican Party. Oregon Representative Peter DeFazio, one of the most liberal lawmakers in Congress, suggested that both Geithner and Lawrence Summers, the director of the National Economic Council, should be fired in order to curtail unemployment and signal a new direction for the Obama administration's fiscal policy. "We think it is time, maybe, that we turn our focus to Main Street," said DeFazio, speaking for himself and some fellow members of the Progressive Caucus. When Geithner appeared in front of the Congressional Joint Economic Committee, the ranking House Republican, Kevin Brady of Texas, said to the secretary, "Conservatives agree that, as point person, you've failed. Liberals are growing in that consensus as well. Poll after poll shows the public has lost confidence in this president's ability to handle the economy. For the sake of our jobs, will you step down from your post?" Geithner defended his record, suggesting Brady was misrepresenting the situation and overestimating popular disapproval of his job performance.

Family

He married Carole Sonnenfeld Geithner on June 8, 1985 at his parents' summer home in East Orleans, Mass. The Rev., Thomas Keehn, a United Church of Christ minister, officiated. Ms. Sonnenfeld Geithner was working as a research associate for Common Cause at the time of her marriage to Mr Geithner. Her father, Albert Sonnenfeld, was a professor of French and comparative literature at Princeton University, and her mother, Portia Sonnenfeld, was the conductor of the Chamber Symphony of Princeton.

Prior to assuming his post with the Obama Administration, according to records Geithner and his wife purchased a five bedroom house near leafy Larchmont for $1.602 million in 2004, and in 2009 he tried to sell his home for $1.635 million after the U.S. real estate market collapse. After being on the market for months the price of the home was reduced to $1.575 million. After further lack of interest the home was rented for $7,500 On May 21, 2009 according to Scott Stiefrater of Stiefrater Real Estate and Debbie Meiliken of Keller Williams Realty, New York. The Daily Show with Jon Stewart recently created a segment examining the financial acumen of Timothy Geithner for actually asking more than he paid for the house in a depressed real estate market.

Timothy and Carole Sonnenfeld Geithner have two children, Elise (b. 1991) who attends Stanford University, and Benjamin (b. 1994).

See also

• List of U.S. political appointments that crossed party lines

Memberships

• Center for Global Development - (Board of Directors)
• Council on Foreign Relations
• Economic Club of New York (trustee)
• Bank for International Settlements (chairman) - Committee on payment and settlement systems
• Bilderberg Group

References

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2. "Lawmakers Want Probe Into Treasury Aid for Fannie, Freddie". The Wall Street Journal. Retrieved December, 2008. {{cite news}}: Check date values in: |accessdate= (help)
3. "Obama On AIG Rage, Recession, Challenges". 60 Minutes. March 22, 2009. CBS. {{cite episode}}: Cite has empty unknown parameters: |began=, |episodelink=, |city=, |serieslink=, |ended=, |transcripturl=, and |seriesno= (help)
4. "Carole M. Sonnenfeld wed to T. F. Geithner". The New York Times. 9 June 1985. Retrieved November 22, 2008.
5. ^ Farley, Kate (3 October 2008). "Family describes Geithner '83's youth". Hanover, New Hampshire: The Dartmouth. Retrieved November 22, 2008.
6. http://www.treas.gov/press/releases/tg152.htm
7. ^ "Timothy F. Geithner". Who's Who. Marquis Who's Who. 22 November 2008. pp. K2017000959. Retrieved November 22, 2008.
8. "Obama picks dynamic duo to rescue US". BusinessDay. The Sydney Morning Herald. 24 November 2008. Retrieved November 25, 2008.
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10. "Ford Foundation Links Parents of Obama and Treasury Secretary Nominee". The Chronicle of Philanthropy. 2008-12-03. Retrieved 2008-12-20.
11. Milton, Susan (25 November 2008). "Treasury nominee has ties to Orleans". News. Cape Cod Times. Retrieved November 26, 2008. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
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13. ^ Canova, Timothy (25 November 2008). "Obamanomics: Is this real change?". The Real News. p. 1'00s. Retrieved December 13, 2008. He had been mentored by Lawrence Summers. Cite error: The named reference "Kessler2008" was defined multiple times with different content (see the help page).
14. ^ Irwin, Neil (22 November 2008). "A Treasury Contender Schooled in Crisis". Business. The Washington Post=. p. A6. Retrieved November 23, 2008.
15. ^ "Obama picks Geithner as treasury secretary". The Financial Express. Mumbai: Indian Express Newspapers. 23 November 2008. Retrieved November 23, 2008. Geithner is a protege of Lawrence Summers and has been involved in the bailouts of Brazil, Mexico, Indonesia, South Korea and Thailand in the 1990s as the treasury undersecretary {{cite web}}: Cite has empty unknown parameter: |coauthors= (help)
16. ^ "Timothy F. Geithner". About the Fed. New York, NY: Federal Reserve Bank of New York. July 2007. Retrieved November 22, 2008.
17. ^ Becker, Jo and Morgenstern, Gretchen (April 26, 2009). "Geithner, as Member and Overseer, Forged Ties to Finance Club". The New York Times. Retrieved 2009-04-26.{{cite news}}: CS1 maint: multiple names: authors list (link)
18. Fuerbringer, Jonathan (16 October 2003). "I.M.F. Official Is Named President of New York Fed". Business. The New York Times. Retrieved November 24, 2008. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
19. Lanman, Scott (24 November 2008). "Geithner Nomination Takes Top Fed Wall Street Liaison". News. Bloomberg. Retrieved November 24, 2008.
20. "Timothy F. Geithner" (Bios). Current Members. Group of Thirty. 24 November 2008. Retrieved November 24, 2008. {{cite web}}: Cite has empty unknown parameters: |month= and |coauthors= (help)
21. ^ Tumulty, Karen (25 September 2008). "Three Men And a Bailout". Time. Retrieved November 22, 2008. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
22. Sorkin, Andrew (24 November 2008). "Where Was Geithner in Turmoil?". New York Times. Retrieved March 29, 2009. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
23. change.gov (24 November 2008). "Geithner, Summers among key economic team members announced today". Newsroom. Office of the President-elected. Retrieved November 24, 2008. {{cite web}}: Cite has empty unknown parameter: |coauthors= (help); External link in |author= (help)
24. "Geithner to Be Nominated as Treasury Secretary". CNBC. 21 November 2008. Retrieved November 21, 2008.
25. ^ Montgomery, Lori; Faiola, Anthony (January 23, 2009). "Geithner Says China Manipulates Its Currency". The Washington Post. p. A08.{{cite news}}: CS1 maint: multiple names: authors list (link)
26. Drajem, Mark; Christie, Rebecca (January 23, 2009). "Geithner Warning on Yuan May Renew U.S.-China Tension". Bloomberg LP.{{cite news}}: CS1 maint: multiple names: authors list (link)
27. Moore, Malcolm (January 23, 2009). "Timothy Geithner currency 'manipulation' accusation angers China". The Daily Telegraph.
28. http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5423650/Geithner-insists-Chinese-dollar-assets-are-safe.html
29. Hirschfield Davis, Julie (January 14, 2009). "Tax problems may plague Obama's treasury pick". Associated Press. My Way News.
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33. Hallow, Ralph Z. (January 20, 2009). "Gingrich urges GOP to fight Geithner". The Washington Times.
34. "Geithner Links Woes to Tax Software Used by 18 Million Americans". Fox News. January 22, 2009.
35. http://online.wsj.com/article/SB123187503629378119.html
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37. http://finance.senate.gov/press/Bpress/2009press/prb011309d.pdf
38. U.S. Senate Roll Call Votes 111th Congress - 1st Session
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40. Jackie Calmes (2009-01-26). "Senate Confirms Geithner for Treasury". The New York Times. Retrieved 2009-01-27.
41. Brian Knowlton, "Geithner Is Pressed for Bailout Details," New York Times February 11, 2009
42. E. J. Dionne, "Centrism. Meh." The New Republic February 12, 2009
43. Daly, Corbett B. (2009-03-23). "Nobel laureate Krugman slams Geithner bailout plan". Reuters. Retrieved 2009-03-24.
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45. / "Government Craves Power Over Finance Industry". Government Craves Power Over Finance Industry. 2009-06-18. Retrieved 2009-06-18. {{cite web}}: Check |url= value (help)
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48. "Yang Jiechi Meets with U.S. Secretary of Treasury Geithner". Chinese Ministry of Foreign Affairs. 2009-03-12. Retrieved 2009-03-24.
49. "Geithner backs strong dlr, says China's assets safe". Rueters. 2009-06-01. {{cite news}}: |access-date= requires |url= (help); Unknown parameter |http://www.reuters.com/article/marketsNews/idINPEK12423320090601?rpc= ignored (help)
50. . Time. 2009-06-01. {{cite news}}: |access-date= requires |url= (help); Missing or empty |title= (help); Text "http://www.time.com/time/world/article/0,8599,1902099,00.html" ignored (help)
51. "Should Geithner Resign?". The Wall Street Journal. March 18, 2009.
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Further reading

• Anderson, Jenny (2007-02-09). "Calm Before and During a Storm". The New York Times. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help); Unknown parameter |curly= ignored (help)
• Cho, David (2008-09-19). "In Crucible of Crisis, Paulson, Bernanke, Geithner Forge a Committee of Three". The Washington Post. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help); Unknown parameter |curly= ignored (help)
• Schreiber, Noam (2008-11-05). "Obama's Choice: The next Larry Summers… or Larry Summers". The New Republic. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help); Unknown parameter |curly= ignored (help)
• Judis, John B. (2009-03-23). "The Geithner Disaster: How The Treasury Secretary Is Undermining Obama's Entire Economic Agenda". The New Republic. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help); Unknown parameter |curly= ignored (help)
• Stewart, James B., "Eight Days: the battle to save the American financial system", The New Yorker magazine, September 21, 2009.

External links

• Tim Geithner's biography at the NY Fed
• Who’s who: The Federal Open Markets Committee (MSNBC)
• Bernanke's quiet skipper makes waves, MarketWatch.com
• Toxic Assets Reduction Plan Release by The Justice Dept: 23Mar2009.
• "Liquidity Risk and the Global Economy", from the Summer 2007 issue of International Finance
• "Geithner's Calendar at the New York Fed". The New York Times. April 26, 2009. Retrieved 2009-04-26. (2007–2009)
• "Eight Days", New Yorker Sept 14, 2009, pages 58-81 by James Stewart summarizing what occurred in the eight days Sept 15-23, 2008 with heavy interviews by James Stewart of Paulson, Bernanke, Geitner

v t e United States secretaries of the treasury
Hamilton Wolcott Dexter Gallatin Campbell Dallas Crawford Rush Ingham McLane Duane Taney Woodbury Ewing Forward Spencer Bibb Walker Meredith Corwin Guthrie Cobb Thomas Dix Chase Fessenden McCulloch Boutwell Richardson Bristow Morrill Sherman Windom Folger Gresham McCulloch Manning Fairchild Windom Foster Carlisle Gage Shaw Cortelyou MacVeagh McAdoo Glass Houston Mellon Mills Woodin Morgenthau Vinson Snyder Humphrey Anderson Dillon Fowler Barr Kennedy Connally Shultz Simon Blumenthal Miller Regan Baker Brady Bentsen Rubin Summers O'Neill Snow Paulson Geithner Lew Mnuchin Yellen

v t e Members of the Cabinet of the United States
Cabinet members	Biden Harris Austin Becerra Blinken Buttigieg Cardona Garland Granholm Haaland Mayorkas McDonough Raimondo Su Todman Vilsack Yellen
Cabinet-level members	Bernstein Burns Guzman Haines Prabhakar Regan Tai Thomas-Greenfield Young Zients
acting Cabinet of Joe Biden

v t e Cabinet of President Barack Obama (2009–2017)
Cabinet Vice President Joe Biden (2009–2017) Secretary of State Hillary Clinton (2009–2013) tenure John Kerry (2013–2017) Secretary of the Treasury Timothy Geithner (2009–2013) Jack Lew (2013–2017) Secretary of Defense Robert Gates (2009–2011) Leon Panetta (2011–2013) Chuck Hagel (2013–2015) Ash Carter (2015–2017) Attorney General Eric Holder (2009–2015) Loretta Lynch (2015–2017) Secretary of the Interior Ken Salazar (2009–2013) Sally Jewell (2013–2017) Secretary of Agriculture Tom Vilsack (2009–2017) Secretary of Commerce Gary Locke (2009–2011) John Bryson (2011–2012) Penny Pritzker (2013–2017) Secretary of Labor Hilda Solis (2009–2013) Tom Perez (2013–2017) Secretary of Health and Human Services Kathleen Sebelius (2009–2014) Sylvia Mathews Burwell (2014–2017) Secretary of Housing and Urban Development Shaun Donovan (2009–2014) Julian Castro (2014–2017) Secretary of Transportation Ray LaHood (2009–2013) Anthony Foxx (2013–2017) Secretary of Energy Steven Chu (2009–2013) Ernest Moniz (2013–2017) Secretary of Education Arne Duncan (2009–2016) John King Jr. (2016–2017) Secretary of Veterans Affairs Eric Shinseki (2009–2014) Bob McDonald (2014–2017) Secretary of Homeland Security Janet Napolitano (2009–2013) Jeh Johnson (2013–2017)
Cabinet-level Administrator of the Environmental Protection Agency Lisa P. Jackson (2009–2013) Gina McCarthy (2013–2017) Director of the Office of Management and Budget Peter R. Orszag (2009–2010) Jack Lew (2010–2012) Sylvia Mathews Burwell (2013–2014) Shaun Donovan (2014–2017) Trade Representative Ron Kirk (2009–2013) Michael Froman (2013–2017) Ambassador to the United Nations Susan Rice (2009–2013) Samantha Power (2013–2017) Chair of the Council of Economic Advisers Christina Romer (2009–2010) Austan Goolsbee (2010–2011) Alan Krueger (2011–2013) Jason Furman (2013–2017) Administrator of the Small Business Administration Karen Mills (2012–2013)* Maria Contreras-Sweet (2014–2017) White House Chief of Staff Rahm Emanuel (2009–2010) William M. Daley (2011–2012) Jack Lew (2012–2013) Denis McDonough (2013–2017)
* took office in 2009, raised to cabinet-rank in 2012 See also: Confirmations of Barack Obama's Cabinet

• 1961 births
• Council on Foreign Relations
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• United States Secretaries of the Treasury
• Obama Administration cabinet members
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