WASHINGTON – Following a hearing in which Treasury Secretary Timothy Geithner said his failure to pay his taxes on time was "careless" and "avoidable," the Senate Finance Committee today scheduled a vote on his confirmation tomorrow.
Geithener, the former president of the Federal Reserve Bank of New York, recently paid more than $30,000 in back taxes stemming from his failure to pay payroll taxes while working for the International Monetary Fund. As secretary of the treasury, he would oversee the Internal Revenue Service.
Finance Committee Chairman Max Baucus (D-Montana) said Geithner's actions were "disappointing mistakes" but he should still be confirmed.
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