Geithner tapped to lead White House team in deficit negotiations

November 26, 2012

GALLERY: Meet the key players in the fiscal cliff negotiations (Win McNamee / Getty Images North America)

Treasury Secretary Timothy Geithner will be the Obama administration's point person during the deficit-reduction negotiations with Congress, The Wall Street Journal reports:

The move is part of the White House's effort to leave behind the near-catastrophic failure of 2011 talks over raising the debt ceiling. Those negotiations were led by a team, including Jacob Lew, then White House budget chief and now chief of staff, with whom Republicans frequently clashed because they felt Mr. Lew wouldn't agree to major changes to entitlement programs like Medicaid... Congressional aides and those optimistic about the possibility of the latest talks hope Mr. Geithner is better suited to the role of pragmatic deal maker... [Geithner] will be joined by a team of White House budget and tax experts, including Mr. Lew, National Economic Council Director Gene Sperling, NEC Deputy Director Jason Furman and top congressional-affairs official Rob Nabors.

Geithner is expected to step down early in Obama's second term.

Natalie Jennings is a Web producer for PostTV.
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Natalie Jennings · November 26, 2012