Geithner: Economy healing, but deficit must go down

WASHINGTON (CNN) — The U.S. economy is no longer on the edge of collapse, but Americans face tough choices in reducing the national deficit, Treasury Secretary Timothy Geithner said Sunday.

His assessment following a week of upbeat economic indicators was echoed by former Federal Reserve Chairman Alan Greenspan and others, but Republican critics countered the country was mortgaging its future economic stability.

Geithner said he expected continued economic improvement for the rest of 2009 and a reversal in job losses the following year.

Read more

Leave a Reply