Treasury Secretary Timothy F. Geithner will not be stepping down, a Treasury Department official said Sunday, ending speculation that the key Obama administration advisor was preparing to resign.
“Secretary Geithner has let the president know that he plans to stay on in his position at Treasury. He looks forward to the important work ahead on the challenges facing our great country,” said Jenni LeCompte, assistant secretary for public affairs.
Updated : President Obama asked Geithner to stay and “welcomes his decision,” said White House Press Secretary Jay Carney. Geithner is expected to remain as Treasury Secretary at least until the fall of 2012.]