Geithner on Challenge of Curbing US Deficit
World Economic Forum - 2011 World Economic Forum
The world's largest economies need to collaborate in order to face the challenges of the new reality, said US Treasury Secretary Timothy Geithner, speaking at a plenary session. The effort is needed to transform the post-war economic deal. With a view to the pivotal relationship between the US and China, Secretary Geithner described the interests on both sides as closely tied in many ways."They are not fundamentally in conflict, they are largely complementary. We want to make sure they are comfortable that we are going to be able to build a system that’s going to accommodate their interests too, not just ours," Secretary Geithner said, dismissing doubts about the US long-term economy. "The great strength of the American political system is that it has always risen to the challenge," Secretary Geithner added.