Treasury Secretary may step down

Washington: Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make a decision until contentious negotiations over the US debt ceiling are completed.

Geithner said he would remain in his Treasury post “for the foreseeable future” and sidestepped a direct question about his career plans after a flurry of media reports that he was mulling leaving the Obama administration.

“I’ve only worked in public service. I live for this work. It’s the only thing I’ve ever done, I believe in it,” Geithner said. “We have a lot of challenges as a country, and I’m going to be doing it for the foreseeable future.”