Obama confident Geithner will stay

Washington: US President Barack Obama’s senior advisers are confident Timothy Geithner will remain treasury secretary even though he hasn’t publicly revealed his intentions.

Geithner recently met Vice-President Joe Biden and laid out his reasons for wanting to leave the post. Biden outlined why it was vital that Geithner remain, according to one of Obama’s aides.

A departure by Geithner would represent another blow to an administration that confronts a weak economy, a declining stock market and uncertainty over how it will resolve controversy over the deficit.