Geithner says US financial system in substantially better shape, economy more stable

September 24th, 2009 Geithner says financial flaws must be correctedPITTSBURGH — Treasury Secretary Timothy Geithner says he is seeing encouraging signs of a global economic rebound but the world still has a way to go to emerge from the severe recession. Geithner says that the United States is not going to walk away from the greatest crisis since the Great Depression and not reform the flaws in the financial system that triggered the crisis.

September 18th, 2009 Geithner ends money market guarantee programWASHINGTON — Treasury Secretary Timothy Geithner said an emergency program that had guaranteed as much as $3 trillion in assets in money market mutual funds was being allowed to expire Friday. "As the risk of catastrophic failure of the financial system has receded, the need for some of the emergency programs put in place during the most acute phase of the crisis has receded as well,' Geithner said in a brief statement.

August 2nd, 2009 Geithner: Consensus is for growth later this yearWASHINGTON — Treasury Secretary Timothy Geithner (GYT'-nur) says the economy is expected to grow later this year and unemployment could ease in the second half of 2010. He's citing the general view of private economists for his forecasts.

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 28th, 2009 Geithner: US, China response halted global crisisWASHINGTON — Treasury Secretary Timothy Geithner credits the response of the United States and Chinese governments for pulling the global financial system back from the brink of failure. Geithner says both countries capped two days of high-level talks Tuesday with an agreement from China to increase domestic consumption to reduce its reliance on exports to U.S.

July 28th, 2009 Geithner: US to address deficits after recoveryWASHINGTON — Treasury Secretary Timothy Geithner says he has reassured China that the United States will take steps to address rising budget deficits once the economic recovery is firmly in place. China has huge investments in the United States and has worried it could be undermined by U.S.

July 16th, 2009 Geithner sees 'durable' signs of stabilityPARIS — U.S. Treasury Secretary Timothy Geithner said Thursday he saw "durable, very important signs" of recovery in the financial system — but he warned against repeating the mistakes of the 1930s and withdrawing stimulus too soon.

July 10th, 2009 Rep. Frank: Congress to clamp down on derivativesWASHINGTON — The chairman of the House Financial Services Committee says that Congress will "substantially" increase the power of federal regulators to monitor derivatives, a type of financial instrument that contributed to the economic turmoil. Rep. Barney Frank, D-Mass., said at a hearing Friday that he cares less about which agency will be given the task than about making sure that it's done.

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 20th, 2009 BANGALORE - Infosys Technologies Ltd chairman and chief mentor N.R. Narayana Murthy Saturday hoped the union budget for 2009-10 would focus on inclusive growth, which he termed as "the need of the country".

June 18th, 2009 Geithner: Fed best suited for super regulator roleWASHINGTON — Treasury Secretary Timothy Geithner says the Federal Reserve is best suited to become a super-regulator that would oversee financial firms so big and influential that their failure could topple the economy. Some lawmakers want to give the job to a council of regulators.

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 2nd, 2009 Geithner seeks to reassure global investorsBEIJING — Treasury Secretary Timothy Geithner says the Obama administration is committed to doing everything possible to maintain investor confidence in U.S. financial markets.

May 31st, 2009 Geithner calls for closer economic ties with ChinaBEIJING — After years of acrimonious economic relations with China, the U.S. insists it wants to turn the page and develop closer ties with the world's third largest economy.