Geithner Says Obama Plan Would Have ‘Substantial’ Impact

Treasury Secretary Timothy F. Geithner said President Barack Obama’s $447 billion jobs plan would provide a “substantial” boost to the U.S. economy.

“I think we’ve got a good chance of continuing a moderate pace of growth coming out of this crisis,” Geithner said today in an interview with Bloomberg Television in Marseille, France. If Congress approves the plan, “it would dramatically reduce the risk of a long period of much weaker growth.”