Geithner says Obama will bring down deficits

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By Martin Crutsinger ASSOCIATED PRESS | Monday, June 1, 2009

Treasury Secretary Timothy Geithner sought to assure America's biggest creditors on Monday that the Obama administration is committed to attacking soaring budget deficits.

Facing skeptical students at China's prestigious Peking University, Geithner said that once the current recession and financial crisis are over, the administration will get America's fiscal deficit in order.

"As we recover from this unprecedented crisis, we will cut our fiscal deficit, we will eliminate the extraordinary government support that we have put in place to overcome the crisis," Geithner said in a speech to students at the university, which Geithner attended nearly three decades ago.

Geithner says Obama will bring down deficits - Washington Times

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