WASHINGTON–Timothy Geithner, a key player in the American International Group bailout arrangements, was sworn in as the nation's 75th Treasury secretary last night immediately after winning Senate confirmation of his nomination.
Confirmation of Mr. Geithner, former president of the New York Federal Reserve Bank, was delayed several weeks after it was disclosed that he had failed to pay taxes on his earnings while serving as a top official of the International Monetary Fund from 2001 to 2004.
President Obama was present when Mr. Geithner took the oath of office at the Treasury Department.
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