In an interview with Bloomberg TV, Treasury Secretary Tim Geithner said the U.S. Congress and European leaders should move to spur economic growth. “There’s a lot of things Congress can do, in the near term, not just in the long run, to make growth stronger,” he said.
Geithner, 50, said Congress should take advantage of low borrowing costs to adopt measures to support the economy, which he said must grow faster to create jobs and reduce an unemployment rate stuck above 8 percent since February 2009. He said such measures include helping homeowners refinance mortgages and approving tax incentives for businesses.
