Geithner: Economy stabilizing, still pain ahead

Financial Crisis Posted on

Treasury Secretary Timothy Geithner says the economy is stabilizing but that unemployment will continue to rise.

Geithner said that even as the nation recovers from a recession, millions of Americans will still feel the pinch of the downturn because hiring tends to lag behind other improvements in the economy.

Geithner made his comments in a luncheon hosted by Newsweek magazine.

He pointed to positive signs in the economy, including improvements in credit markets. But he called the recession the most challenging economic crisis that the nation has seen in generations. He predicted recovery would be bumpy.

Legal News Media

Legal News is the top headline legal news provider for lawyers and legalprofessionals. Read law articles and breaking news from law firm's across the United States to get the latest updates. We reserve the right, at our discretion, to change, modify, add, or remove portions of the site at any time. Your This site is solely for your personal use. You are, of course, welcome to print or otherwise copy material from this site for your personal use. However, you may not distribute, exchange, modify, sell or transmit anything you copy from this Site, including but not limited to any text, images, audio and video, for any business, commercial or public purpose. Any unauthorized use of the text, images, audio and video may violate copyright laws, trademark laws, the laws of privacy and publicity and civil and criminal statutes.


American Bar Association – Start and Run a Law Firm – Starting a Law Firm

Lawyer Website Designs