second term

Timothy Geithner said Wednesday that he doesn't expect to serve a second term as Treasury secretary. He said he doesn't think President Barack Obama would ask him to remain if Obama won re-election.

Fed chief Ben Bernanke's confirmation for a second term received another body blow when a few key Democrats said they would be opposed to letting him continue to steer the economy.

Because several senators are using procedural methods to try to block Mr. Bernanke from serving another term, it will require 60 votes for him to be confirmed.

The 16-to-7 vote, which came after a debate that saw flashes of the populist anger that has erupted amid a sluggish recovery, was not unexpected.

German voters handed conservative Chancellor Angela Merkel a second term and a chance to create new center-right government Sunday, while her center-left rivals suffered a historic defeat in the national election.

President Obama said on Tuesday that he would nominate Ben S. Bernanke to a second term as chairman of the Federal Reserve , seeking to keep an air of stability in the financial markets as the nation inches toward an economic recovery.

President Obama plans to nominate Ben S. Bernanke to a second term as chairman of the Federal Reserve, administration officials said Monday night.

With Angela Merkel poised to win a second term in coming weeks, the chancellor has made a big effort to promote Germany’s economic interests with Russia.