Source:
Huffington PostPresident-elect Barack Obama's choice to run the Treasury Department and lead the nation's economic rescue failed to pay $34,000 in taxes from 2001 to 2004, but the last-minute disclosure didn't stop Senate Democrats from moving forward with his nomination.
Timothy Geithner had paid some of the back taxes in 2006 after the IRS sent him a bill. When the Obama transition team discovered he owed even more back taxes, Geithner paid those additional taxes days before Obama announced his choice in November, according to materials released by the Senate Finance Committee considering his nomination.
Obama's staff told senators about the tax issues on Dec. 5.
Finance Committee Chairman Max Baucus, D-Mont., said he still hoped Geithner could be confirmed on Inauguration Day, asking senators for unanimous consent to skirt rules and schedule a hearing as early as Friday.
"These errors were not intentional; they were honest mistakes," Baucus said after he and other committee members met with Geithner behind closed doors on Tuesday.
It was not clear Tuesday whether committee Republicans would sign off on Baucus' request for a quick hearing.
The panel's senior Republican, Sen. Chuck Grassley of Iowa, hasn't decided whether the revelations are reason enough to oppose Geithner, said spokeswoman Jill Kozeny. He believes they are "serious, and whether or not it's disqualifying is to be determined," she said.
Read more:
http://www.huffingtonpost.com/2009/01/13/treasury-nominee-timothy-_n_157610.html
Saw this on Huffington Post, says it's from AP but I can see no link to said specified article. However, it says that it was first reported in the Wall Street Journal, linked:
http://online.wsj.com/article/SB123187503629378119.html