By Peter Schroeder - 06/30/11 10:41 PM EDT
Treasury Secretary Timothy Geithner said Thursday he would remain at his position for "the foreseeable future."
"I live for this work. It's the only thing I've ever done. I believe in it," he told former President Bill Clinton at an event hosted by the Clinton Global Initiative. "I'm going to be doing it for the foreseeable future."
However, Geithner did acknowledge the personal circumstances that are reportedly weighing on his thinking.
"I have a family, and my son's going back to New York to finish high school," he said. "I'm going to be commuting for a while."
Bloomberg News first reported that Geithner had informed the White House he was considering leaving the administration at the close of debt limit negotiations.