19 Feb '11, 11pm

Geithner says House budget cuts would damage economy: PARIS - THE US$61 billion (S$77.7 billion) in budget cuts

Geithner says House budget cuts would damage economy: PARIS - THE US$61 billion (S$77.7 billion) in budget cuts

The US$61 billion (S$77.7 billion) in budget cuts approved by the Republican-controlled US House of Representatives would damage the country's economy, US Treasury Secretary Timothy Geithner said on Saturday. -- PHOTO: AFP PARIS - THE US$61 billion (S$77.7 billion) in budget cuts approved by the Republican-controlled US House of Representatives would damage the country's economy, US Treasury Secretary Timothy Geithner said on Saturday. The budget cuts 'as passed by the House would undermine and damage our capacity to create jobs and expand the economy,' Mr Geithner said after a meeting G-20 finance ministers here in Paris. The approved cuts included measures to deny funds for President Barack Obama's health care overhaul, to stop the Environmental Protection Agency from regulating industries that are emitting greenhouse gases and limit the government's role in education. T...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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