"Last September, the U.S. was a high risk of this depression. Now the American economy is growing again. The National Bank is unlikely to require additional state aid, which means that reduce the burden on the budget. Moreover, in the next 12-18 months, banks will return $ 50 billion of funds issued to them earlier as loans. Our main task now is to increase consumer activity, the fight against unemployment and support for small businesses and the housing market "- said Timothy Geithner.
Sunday, September 13, 2009
The American economy is UP again
The U.S. economy is no longer on the brink, so the government should change the strategy and preyti from rescuing the economy to restore its growth. Told U.S. Treasury Secretary Timothy Geithner, reporting to Congress on the results of the program purchase troubled assets.
"Last September, the U.S. was a high risk of this depression. Now the American economy is growing again. The National Bank is unlikely to require additional state aid, which means that reduce the burden on the budget. Moreover, in the next 12-18 months, banks will return $ 50 billion of funds issued to them earlier as loans. Our main task now is to increase consumer activity, the fight against unemployment and support for small businesses and the housing market "- said Timothy Geithner.
"Last September, the U.S. was a high risk of this depression. Now the American economy is growing again. The National Bank is unlikely to require additional state aid, which means that reduce the burden on the budget. Moreover, in the next 12-18 months, banks will return $ 50 billion of funds issued to them earlier as loans. Our main task now is to increase consumer activity, the fight against unemployment and support for small businesses and the housing market "- said Timothy Geithner.
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