Timothy Geithner, President-elect Barack Obama’s pick to head the Treasury Department, had to climb Capitol Hill Tuesday to explain mistakes made in his own taxes over several years, the Washington Post reports.
“There was little evidence yesterday that Geithner’s errors, which included a related disclosure about a housekeeper who worked for him briefly without proper employment documentation, would derail what has been a smooth confirmation process for Geithner, who is the president of the Federal Reserve Bank of New York,” the Post said.
The report continued, “But the revelations could delay consideration of Geithner’s nomination. Late Tuesday, Republican Sens. Jim Bunning (Ky.) and Jon Kyl (Ariz.) blocked a request to proceed with his confirmation hearing Friday. Democratic lawmakers still hoped to confirm Geithner to the critical economic post before Inauguration Day.
“In his appearance yesterday, Geithner told the committee that he had failed to pay Social Security and Medicare taxes because he mistakenly believed that his employer at the time, the International Monetary Fund, was deducting those taxes from his paycheck.”
You can read more of the Post story here.