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January 27, 2009

Maine Senators split on Geithner vote

By The Mainebiz News Staff

Maine's senators split on last night's vote to confirm Timothy Geithner as the next secretary of the U.S. Treasury.

While U.S. Sen. Susan Collins opposed Geithner's confirmation, calling his failure to pay $34,000 in taxes earlier this decade "inexcusable negligence," her Republican partner in the Senate, Olympia Snowe, voted for the confirmation. Snowe said Geithner's experience in three presidential administrations, under five treasury secretaries, overshadowed his personal tax problems, according to the Associated Press.

Geithner, former president of the Federal Reserve Bank of New York, was confirmed last night in a vote of 60 to 34 -- the closest vote for a treasury secretary since World War II, according to McClatchy newspapers.

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