Geithner

Geithner on Global Growth

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Tim Geithner says Global action needed boost growth US Treasury Secretary Timothy Geithner Thursday called on the Global finance chiefs to boost growth but said a repeat of the massive co-ordinated fiscal stimulus efforts of Y 2009 is no longer possible. In an opinion piece written for the a UK news paper, Mr. Geithner said the United States must strengthen employment, Europe must act more forcefully to contain its debt crisis, and China and other emerging markets should strengthen domestic demand and allow their currencies to rise more rapidly. “The imperative remains to strengthen economic growth. Fiscal policy everywhere has … Read more

Geithner Rips S&” Move on Downgrade

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Treasury Secretary Timothy Geithner ripped Standard & Poor’s two days after the ratings agency downgraded US debt, saying the stunning move was based on a “lack of knowledge” about the nation’s finances. Geithner also said the debt crisis presents Congress with a chance to “earn back confidence of investors around the world” and he reiterated his support for President Obama, who asked Geithner to stay on even as calls intensified over the weekend for his resignation. “S&P has shown really terrible judgment and they’ve handled themselves very poorly,” he said in an exclusive interview with CNBC. “And they’ve shown a … Read more