Treasury Secretary Geithner Said Financial Storm Has Significantly Eased

July 13, 2009 8:48 AM UTC
Treasury Secretary Timothy Geithner said today that the global recovery still faces significant risks and challenges. Additionally, he said the financial storm has significantly eased.

The U.S. regulator also said that the Treasury is "watching" CIT (NYSE: CIT) developments closely.

Lastly, Geithner says there is a good chance that the US and world economy will grow in next few quarters.

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