US economy measures working, says Treasury Secretary

US Treasury Secretary Timothy Geithner today said financial reforms and other measures in response to the global crisis are yielding results, helping the American economy to grow at a pace better than there was reason to expect.

Speaking at a financial conference in Tokyo, Japan, Mr Geithner said the Obama administration would strive to resolve by the end of the year the impasse with Congress that threatens to impose a so-called “fiscal cliff” of tax increases and deep spending cuts if the two sides do not reach agreement.