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Carney: Obama Made "Gutsy" And "Tough" Calls On The Economy Based On Geithner's Advice

REPORTER: Thanks, Jay. Just a couple questions. First one is, given the fiscal hurdles that are still looming, has the President asked or is he considering asking Treasury Secretary Geithner to stay on beyond January? And if not, when can we expect the nomination of a successor?

JAY CARNEY, WHITE HOUSE: I think Secretary Geithner has expressed his timetable for departing after his service as Treasury Secretary, which has been much appreciated by the President. His record, I think four years on now, reflects some very gutsy decisions that were made by the President on the advice of the Secretary of the Treasury that helped prevent a far worse economic crisis than we endured. I think if you look at the state of the American economy, the fact is while we are not growing as much as we want, we are not creating jobs as fast as we would like, we are doing far better than a number of other countries that endured the fiscal crisis and economic crisis of 2008, 2007, 2009. And that is in part because of some of the very tough calls made by this President and this Treasury Secretary.

I don’t have a timetable for any other personnel announcements, but I have no new information or any change in information on Secretary Geithner’s departure.

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