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  • Choice for Treasury secretary admits he failed to pay taxes

    01/14/2009 5:38:00 AM PST · by spintreebob · 114 replies · 3,971+ views
    KC Star ^ | 1/14/09 | BRETT J. BLACKLEDGE AP
    Obama’s choice for Treasury secretary disclosed publicly Tuesday that he failed to pay tens of thousands of dollars in federal taxes from 2001 to 2004. Senate Democrats tried to brush aside the last-minute complication as a minor bump on an otherwise smooth path to confirmation for Timothy Geithner, who has been president of the Federal Reserve Bank of New York. After the underpayments were detected, Geithner paid back taxes and interest totaling $43,200.