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Obama's treasury nominee failed to pay taxes!


From AP.

WASHINGTON (AP) — A Capitol Hill grilling is likely for Timothy Geithner, President-elect Barack Obama’s pick to head the Treasury Department, after public revelations he failed to pay $34,000 in taxes several years ago.Senate Democrats are pressing to schedule a quick confirmation hearing for Geithner on Friday, hoping to tee up swift approval of his nomination on Inauguration Day.

Geithner failed to pay self-employment taxes for money he earned from 2001 to 2004 while working for the International Monetary Fund, according to materials released by the committee Tuesday. The panel’s report also noted that Geithner briefly employed a housekeeper in 2005 whose legal immigrant work status had lapsed.

Senate Majority Leader Harry Reid, D-Nev., dismissed the events as “a few little hiccups,” and said he was “not concerned at all” about the impact. Obama reiterated his support for Geithner.

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