Geithner: Growth widely expected in second half of this year, unemployment easing next year

October 2nd, 2009 WASHINGTON - The US economy continued to shed jobs in the construction, manufacturing, retail and government branches, with the unemployment rate rising to 9.8 percent in September, the government said Friday. The rate compared to 9.7 percent unemployment in August, and was the highest since 1983.

September 24th, 2009 Geithner expresses optimism for deal on growthPITTSBURGH — Treasury Secretary Timothy Geithner says the United States has a lot of support from other Group of 20 nations to move toward more balanced global growth. Geithner expressed optimism that the G-20 leaders meeting in Pittsburgh will endorse the broad outlines of a U.S.

September 24th, 2009 Geithner: US wants bigger role for China in IMFPITTSBURGH — Treasury Secretary Timothy Geithner says the U.S. supports China's bid for greater voting rights in international organizations like the IMF and the World Bank for itself and other fast-growing economies despite European reservations.

August 3rd, 2009 Obama officials: Taxes may rise to pay health careWASHINGTON — Two of President Barack Obama's economic heavyweights said middle-class taxes might have to go up to pare budget deficits or to pay for the proposed overhaul of the nation's health care system. The tough talk from Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers on Sunday capped a week that brought rare good news for the economy: The worst recession in the United States since World War II could be on the verge of ending.

August 2nd, 2009 Geithner: Lower deficit key to sustaining recoveryWASHINGTON — Treasury Secretary Timothy Geithner says the U.S. must cut the annual federal budget deficit, now more than $1 trillion, for the economy to have a sustained recovery and he's not ruling out new taxes.

July 28th, 2009 Geithner says US and China seeking stabilityWASHINGTON — Treasury Secretary Timonthy Geithner (GUYT'-nur) says the United States and China are committed to building a more stable and balanced global economy. Geithner said in prepared remarks Tuesday that the two countries were determined to lay a foundation for more balanced growth once an economic recovery is firmly in place.

July 16th, 2009 Geithner, French discuss stimulusPARIS — U.S. Treasury Secretary Timothy Geithner is discussing economic stimulus plans with French officials in talks that also touch on the question of sanction againt Iran.

July 15th, 2009 WASHINGTON - The US Federal Reserve said the US economy will climb faster than expected out of its deep recession, but also warned Wednesday that unemployment could top 10 percent before the end of this year. In its first economic forecast since April, the Fed said it expected the world's largest economy to recover from its 19-month-long recession - albeit slowly - in the second half of 2009.

July 10th, 2009 Geithner: Stimulus on 'expected path'WASHINGTON — Treasury Secretary Timothy Geithner says the administration's plan to stimulate the economy by spending billions on construction and other local projects is on the "expected path." Geithner defended the stimulus plan Friday after Florida Republican Rep. Bill Posey asked where the government's plan went wrong, because unemployment remains high.

June 18th, 2009 Geithner defends plan to step up oversightWASHINGTON — Treasury Secretary Timothy Geithner says it is clear that the government could have done more to prevent the economic downfall. In prepared testimony, Geithner says that gaps and weaknesses in the regulatory framework governing banks and other financial institutions "presented challenges" to the government's ability to monitor and address risky market bets.

June 5th, 2009 WASHINGTON - US companies shed only 345,000 jobs in May, the smallest drop in eight months and a sign that the US recession may be easing, but the unemployment rate still jumped half a percentage point to 9.4 percent, the Labour Department reported Friday. The US has now lost six million jobs since a deep recession began in December 2007, but the monthly data was far better than economists had predicted.

May 31st, 2009 Geithner sees hopeful signs in US economyBEIJING — U.S. Treasury Secretary Timothy Geithner says the U.S.

April 22nd, 2009 Geithner says crisis unprecedented in modern timesWASHINGTON — Treasury Secretary Timothy Geithner said Wednesday the United States bears a substantial share of responsibility for a global economic crisis that could cost the world up to $4 trillion in lost output this year alone. While the crisis started in the U.S., Geithner said its damage has spread widely with serious challenges facing much of the globe.

April 16th, 2009 WASHINGTON - The United States expects India's growth to slow to around 5.5 percent this year, but believes recently announced policy measures to stimulate the economy and ease credit conditions should help cushion the downturn. 'After averaging 8.8 percent over the past four years, growth is slowing largely due to lower investment, reflecting tighter financing conditions and uncertainty, as well as declining external demand, although India is less export dependent than many Asian economies,' Treasury Secretary Timothy Geithner said in a report to the Congress.

January 21st, 2009 NEW DELHI - India's central bank is expected to further cut the repo rate by 50 basis points after the monetary review, while the cash reserve ratio and the reverse repo rate are likely to be kept unchanged, economic intelligence provider Moody's Economy.com predicted Thursday. 'The Reserve Bank of India (RBI) is expected to loosen monetary policy when they next meet on January 27.