AP source: Treasury secretary eyeing departure

A person familiar with his thinking says Treasury Secretary Timothy Geithner is considering leaving the administration following the current round of budget negotiations.

The source spoke on condition of anonymity Thursday to discuss private deliberations. The source emphasized that no decision had been made but said Geithner recognized he may have a window to depart once Congress and the administration reach a deal on raising the nation’s debt limit. That needs to happen by Aug. 2 to avoid unprecedented default on U.S. financial obligations.

Geithner would be the latest in a series of economic advisers to President Barack Obama who’ve departed his administration more than halfway through his first term.