and Politico have reported that Treasury Secretary Tim Geithner will leave his post with the Obama administration by the end of January.
Both news outlets cited anonymous sources confirming that Geithner would depart regardless of whether Congress and the president have reached a deal on the debt ceiling.
Bloomberg quoted a source saying White House Chief of Staff Jack Lew remains the leading contender for the Treasury job. Lew sserved as director of the Office of Management and Budget for both Obama and President Bill Clinton. He also worked as a managing director for Citigroup from July 2006 until the end of 2008.
The Treasury Department has not said definitively whether Geithner will leave at the end of the month, but a spokesman for the agency said this: “Secretary Geithner has previously stated that he plans to be at Treasury until around the inauguration. We do not plan to make any further announcements about the timing of the Secretary’s departure until after his successor is named.”