Quantcast
  • Current Conditions 
    Weather Alerts
    Current Conditions in Springfield:
    51°
    WIND HUMIDITY
    5 SE 86%
    3 Day
    Forecast

    Sat
    60°

    Sun
    63°

    Mon
    64°
  • Interior small 
  • Commerce Widget 
    Autos
    Classifieds
    Real Estate
    Rewards
  • Interior Box IAB 180x150 
  • Treasury Secretary Gives Report Card On Economy 

    Sunday, Nov 1, 2009 @01:13pm CST


     (Washington, DC)  --  The nation's treasury secretary says the economic recovery is under way, but predicts it will be a "choppy" process.

       Tim Geithner told NBC's "Meet the Press" the Obama administration purposely designed a stimulus program that would unroll over two years because, quote, "we knew it was going to take a long time to repair the damage we started with earlier this year."  He acknowledged unemployment is still high, but noted jobs have been created and saved by the economic stimulus program.

       While he said there's no need for an additional jump-start for the U.S. economy, Geithner noted there are moves underway to extend unemployment benefits and a popular tax credit for first-time homebuyers.

       The official described the economic stimulus program as a way to "provide a bridge until the economy can repair itself and businesses are strong enough to start to invest again."  Geithner pegged deficit reduction to a recovery, but called healthcare reform "very encouraging" in terms of potential trimming of the nation's deficit.


       (Copyright 2009 by VERTEXNews/Newsroom Solutions)

  • The Ozarksfirst Community 
        
    Today's Poll

    Family Emergency Plan

    Thursday's explosion in Springfield brings to mind the need to plan for emergencies. Does your family have an emergency plan and disaster kit?
     No, we've been meaning to do it, but haven't
     Yes, the ice storms taught us that lesson
     I didn't know we needed one
     I don't think they're necessary

     

    View Results
    View Other Polls
  • Advertisement