real-estate-recovery

Treasury Secretary Timothy Geithner says the U.S. economy has suffered a lot of damage in the current downturn and it’s going to take time before it fully recovers.

In an interview for broadcast Sunday, Geithner told NBC’s “Meet the Press” that creating jobs and regaining the confidence of investors will be the real test of recovery.

Recent encouraging news in the economy, he said, “shows that — when you act with force — you can stabilize a crisis like this.”

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