Treasury Secretary touts economic recovery

Credit: AP

Treasury Secretary Tim Geithner

By: MITCH WEISS Associated Press | WNCT
Published: January 25, 2012

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CHARLOTTE, N.C. (AP) - Treasury Secretary Tim Geithner says the economy was rebounding after nearly "falling off a cliff" a few years ago, and credits President Barack Obama's policies for the turnaround.

But Geithner also warned that while the economy was improving, there were still challenges ahead. .

Geithner was visiting Charlotte one day after the president's State of the Union address. The treasury secretary toured a Siemens Energy plant before the meeting with business leaders at the Chamber of Commerce.

During the business meeting, Geithner touted growth in several critical sectors including, manufacturing and energy.

Geithner defended tough policies to regulate banks to prevent another banking meltdown like the one in 2008 that crippled the economy. He says those regulations are tough where they need to be.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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