US economy measures working, says Treasury Secretary
on 11/10/2012 08:59:31
Speaking at a financial conference in Tokyo, Japan, Mr Geithner said the Obama administration would strive to resolve by the end of the year the impasse with Congress that threatens to impose a so-called "fiscal cliff" of tax increases and deep spending cuts if the two sides do not reach agreement.
Mr Geithner said the US had been relatively successful in managing to clean up the mess left by the 2008 financial crisis while not starving the economy of credit.
Growth has dragged, though, due to the European crisis and severe drought across the US.