Geithner: Unemployment Will 'Stay Unacceptably High For A Very Long Time'
In an appearance on the Today show, Treasury Secretary Tim Geithner said that unemployment is "still terribly high and is going to stay unacceptably high for a very long time," as a result of the damage caused by the recession. "Just because this was the worst economic crisis since the Great Depression," Geithner said, "a huge amount of damage was done to businesses and families across the country ... and it's going to take us a long time to heal that damage."
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Obama's Day Roundup
President Obama will receive his daily briefing at 9:30 a.m. ET. He will depart from Andrews Air Force Base at 1:20 p.m. ET, arriving in Portsmouth, New Hampshire, at 2:35 p.m. ET. He will then arrive in Portland, Maine, at 3:05 p.m. ET. He will deliver remarks on health insurance reform at 3:25 p.m. ET. He will depart from Portsmouth at 4:55 p.m. ET, arriving at 5:40 p.m. ET in Boston, Massachusetts. He will deliver remarks at a DNC fundraising reception at 6:05 p.m. ET, and at a DNC fundraiser at 8:05 p.m. ET. He will depart from Boston at 8:45 p.m. ET, arriving back at Andrews Air Force Base at 10:05 p.m. ET.