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US Tsy’s Geithner: US Economy Healing, Getting Stronger
The U.S. economy is recovering and gaining in strength, Treasury Secretary Timothy Geithner said Thursday, despite data indicating a drop-off in the pace of economic expansion during the first quarter. Although the U.S. GDP is estimated to have risen at a seasonally adjusted annual rate of 1.8% in the first quarter — a significant slowdown from the 3.1% increase in the fourth quarter 2010 — Geithner highlighted the fact the economy grew for the seventh straight quarter. “This is still a very tough economy for millions of Americans … but even with the many challenges we face, the economy is healing and getting ... (full story)