iOS app Android app More

Timothy Geithner: U.S. Economy Can Handle High Gas Prices

Posted: 04/15/2012 9:34 am Updated: 04/15/2012 10:59 am


WASHINGTON, April 15 (Reuters) - The U.S. economy is in a better position to deal with high gasoline prices, Treasury Secretary Timothy Geithner said on Sunday, adding that unseasonably warm winter had lowered overall energy costs for consumers.

Speaking on ABC's "This Week" program, Geithner also dismissed suggestions that the country's huge budget deficit put it at risk of being the next Greece.

FOLLOW BUSINESS

Filed by Reuters  |