Treasury Secretary: We’ve Done A Lot In 8 Weeks
WASHINGTON — Treasury Secretary Timothy Geithner says he knows not every economic recovery initiative is going to work out the way it should.
Geithner has emerged as the administration’s champion of the economic recovery plan and he used his first Sunday talk show appearances to promote it.
He says a bailout fund for battered banks still has $135 billion left in it, but didn’t rule out asking Congress for more money.
Geithner says Washington alone is equipped to salvage the economy and that “the market will not solve this.” He says the danger is doing too little, not too much.
Geithner also dismissed his critics, saying he knew there were unpopular things to be done and that the administration would take heat for it.
Geithner appeared on ABC’s “This Week” and NBC’s “Meet the Press.”