Geithner aims to reassure investors
US Treasury Secretary Timothy Geithner today reassured investors that the White House and Republican politicians will reach a deal to control finances, downplaying a warning that the government risks losing its coveted debt rating if it fails.
Mr Geithner said he disagreed with Standard & Poor’s decision to lower its long-term outlook for the federal government’s fiscal health. The credit agency on yesterday warned the government could lose its top credit rating in the next two years if it fails to come up with a long-term plan to bring down the federal deficit.
