If you remember back in June, there were reports that Treasury Secretary Timothy Geithner was looking to leave his post in the Obama administration after the issue of the debt ceiling was settled. Well The New York Times brings word today that pressured by the White House, he is expected to stay put. Here's how the paper frames it:
Timothy F. Geithner, the Treasury secretary and dean of President Obama's economic team, is expected to stay through the president's term after intense White House pressure, according to officials familiar with the discussions.
But Mr. Geithner has not yet notified the White House of his intentions, and family considerations could still win out, advisers say.
We'll keep watching this story, because surely the markets are keeping a close eye too. Here are some other stories making headlines today:
-- Tiger Woods Is Back: Golfer Tiger Woods is expected to make a comeback after a three-month hiatus and after he fired his long-time caddie Steve Williams. How Woods will do at the Bridgestone Invitational is "anyone's guess," writes Christine Brennan of USA Today.
-- Cargill Recalls Ground Turkey: "Meat giant Cargill is recalling 36 million pounds of turkey after a government hunt for the source of a salmonella outbreak that has killed one person in California and sickened dozens more." (AP) Look for more on this story at NPR's health blog Shots.
-- Tropical Storm Takes Aim At Haiti: "Haiti braced for another potential natural disaster Wednesday as Tropical Storm Emily churned toward a nation where more than 600,000 people still live in makeshift encampments 18 months after a devastating earthquake." (The Miami Herald)
In a related story from the Herald, U.S. government forecasters are expected to release an updated forecast of what's left of the Atlantic hurricane season. Right now, we're headed into the most active months of the season.
-- Assault Continues in Hama: "Ignoring mounting condemnations, the Syrian military sent tanks, armored vehicles and snipers on Wednesday into the symbolic center of Hama, a rebellious city that has emerged as a linchpin of the nearly five-month uprising, in what appeared a decisive step by President Bashar al-Assad to crush opposition to his rule." (The New York Times)