Geithner Says No Decision Yet On 2nd Plan

By Tim Ahmann | July 13, 2009, Monday |

Print Edition

UNITED States Treasury Secretary Timothy Geithner said it was too soon to decide whether the US economy would need the help of a second round of government stimulus to recover from recession.

"I don't think that's a judgment we need to make now, can't really make it now prudently, responsibly," Geithner said in a CNN interview that was aired yesterday.

According to the CNN transcript, Geithner said the "biggest thrust" of the US$787-billion package of spending and tax cuts signed into law earlier this year would take effect in the second half of this year. He also said a program that is setting up public-private partnerships to buy up toxic assets held by banks would likely see less use than had been expected a few months ago.

Economy

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Geithner Says No Decision Yet On 2nd Plan

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