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Geithner Pledges to Cut Deficit Amid Rating Concern

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  • Geithner Pledges to Cut Deficit Amid Rating Concern

    http://www.bloomberg.com/apps/news?p...V6M&refer=home

    Treasury Secretary Timothy Geithner said the Obama administration is committed to reducing the federal budget deficit after concerns rose that the U.S. debt rating may eventually be threatened with a downgrade. .....

    Geithner, 47, also said that the rise in yields on Treasury securities this year “is a sign that things are improving” and that “there is a little less acute concern about the depth of the recession.”

    See we will have no problems! Deficit will be reduced. Rising interest rates simply means everything is getting better

    jim

  • #2
    Re: Geithner Pledges to Cut Deficit Amid Rating Concern

    That's good to know. I was getting worried about the four hundred trillion dollars we owed.

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