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U.S. Treasury Secretary Timothy Geithner on Tuesday said there were strong arguments for extending many government programs geared at lifting the U.S. economy out of recession.
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AP Treasury Secretary Timothy Geithner |
"The Congress is now looking at a range of choices of whether we should extend unemployment benefits" and other "targeted" economic programs, Geithner said at a conference sponsored by the Securities Industry and Financial Markets Association in New York.
"There's going to be a good case for extending many of those," he said, in response to a question about chances for additional economic stimulus programs.
Geithner also said that the financial sector and credit markets have improved dramatically but the overall picture is still "mixed."
He said the dollar would remain the world's main reserve currency as long as the country takes the right measures to support the economy.
"I think the dollar will remain the principal reserve currency for a long period of time," he said.
However, he also said the dollar's position is not a privilege and comes with responsibilities and obligations that the United States must uphold.
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