A reprint headline of important news from MoneyNews.com
Geithner: No Second Stimulus Package
Monday, October 26, 2009 4:15 PM
By: Dan Weil
Treasury Secretary Tim Geithner says the Obama administration’s $787 billion stimulus package has worked well, so a second one is unnecessary.
“The combined effect of stimulus. . . and the efforts we took to stabilize the financial system . . . have been remarkably effective in arresting the freefall in economic growth,” he told CNBC.
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