Summary
WASHINGTON (AP) - Treasury Secretary-designate Timothy Geithner said Wednesday he was careless in failing to pay $34,000 in Social Security and Medicare taxes earlier this decade but declared "I have paid what I owed." He apologized to Congress.
Geithner told the Senate Finance Committee he was sorry that his past transgressions were now an issue in his confirmation at a time of deepening economic distress. He urged Congress to act quickly and forcibly to deal with the crisis. A top administration priority is to foster economic recovery and "get credit flowing again," Geithner testified.See the full content of this document
Extract
Geithner Apologizes for Tax Mistake
As to his failure to pay payroll taxes from 2001 to 2004 while he worked for the In...
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