Timothy Geithner was confirmed today as Secretary of the Treasury. The vote was 60 to 34. During the vetting process it was discovered that Geithner owed $34,000 for taxes from 2001 to 2004.
There was disagreement on whether this tax situation was a mistake on Geithner's part, or intentional. Geithner has played a leading role in the bailouts for financial institutions as of late.
When made aware of the error, Geithner paid back 2003 taxes and for some compensation in 2004 - however the statue of limitations had run out on 2001 and 2002. Geithner was scheduled to be sworn in right after the vote.
