Monday, May 20, 2013

Latest local news, weather and high school sports from Amarillo

Geithner apologizes for not paying taxes
Posted: 01.21.2009 at 10:21 AM
1
Photo

WASHINGTON (AP) -- Treasury Secretary-designate Tim Geithner (GYT'-nur) says he was careless in failing to pay $34,000 in Social Security and Medicare taxes earlier this decade and has apologized to Congress.

At his confirmation hearing, Geithner called the transgressions "careless mistakes" and unavoidable ones.

He told the Senate Finance Committee the failure to pay was "unintentional." But he also said, "I should have been more careful."

Earlier, committee Chairman Max Baucus said he thought that Geithner had made "disappointing mistakes" but also said he needed to be confirmed so he could get to work on solving the country's financial crisis.

(Copyright ©2009 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
Community comes together to help raise money for Ashlee Trevino
Shannel Douglas  |  Yesterday at 10:09 PM  |  2 comments
Thumbnail
Amarillo family works to create lupus awareness
Mari Samarripas  |  Yesterday at 6:29 PM  |  1 comment
Thumbnail
Homer's Backyard Ball works to carry on tradition
Mari Samarripas  |  Saturday, May 18, 2013
Follow Connect Amarillo
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Featured Sponsors
Valuable information from our experts
Money Talks
Get money tips from expert Stacy Johnson
Medical Breakthroughs
Medical daily news
ADVERTISEMENT