Obama Deficit Plan ‘Best Mix’ of Policy Choices, Geithner Says
President Barack Obama’s deficit- cutting plan represents “the best mix of policies” for promoting short-term economic growth and cutting the U.S. government’s long-term debt, Treasury Secretary Timothy Geithner said.
“We think they’re good ideas, we think they’re good economics,” Geithner said in an interview with Bloomberg Television. “We think they’re better for the economy than the alternatives and we’re going to try to get them done.”
To contact the reporter on this story: Julianna Goldman in Washington at jgoldman6@bloomberg.net
To contact the editor responsible for this story: Bob Drummond at bdrummond@bloomberg.net
Sept. 19 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner talks about Europe's sovereign debt crisis and President Barack Obama's proposal to reduce the U.S. federal budget deficit. Geithner says Europe will adopt some of the same measures the U.S. took after the 2008 financial crisis. He speaks with Julianna Goldman on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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