Nonprofit, nonpartisan journalism. Supported by readers.

Donate

Treasury nominee apologizes for payroll-tax problem

Timothy Geithner, President Obama’s choice to head the Treasury Department, apologized today to the Senate Finance Committee for his failure to pay payroll taxes for several years while working for the International Monetary Fund, the Associated Press reports.

“These were careless mistakes. They were avoidable mistakes,” he said. “But they were unintentional. I should have been more careful.”

“Although the tax disclosures provided a bump in Geithner’s confirmation process,” the AP said, “he appeared to have wide support from both parties, especially given the severity of the downturn and the nominee’s past experience in the financial system.”

You can read more here.

You can also learn about all our free newsletter options.

No comments yet

Leave a Reply