The Senate Finance Committee approved Timothy Geithner's nomination as Treasury secretary Thursday, by a vote of 18 to 5.

He has been under fire, especially from some Senate Republicans, for failing to pay payroll taxes on income received from the International Monetary Fund. He apologized to the committee Wednesday but said his mistakes were unintentional.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.