WASHINGTON – Timothy Geithner starts his new job as secretary of the treasury today, following his confirmation by the Senate last night by a vote of 60-34.

Geithner, who was sworn in less than an hour after the vote by President Obama, will have little time to get acclimated in light of the myriad of economic challenges facing the nation.

Just yesterday, Caterpillar, Home Depot, Sprint Nextel and at least eight other companies announced layoffs of more than 200,000 in the United States and the rest of the world.

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