Source: CCTV.com
03-26-2009 14:15
Special Report: G20 Summit in LondonSpecial Report: Global Financial Crisis
US Treasury Secretary Timothy Geithner is scheduled to travel with President Barack Obama to the upcoming G-20 in London. Ahead of the trip, Geithner says the US is pleased to see a "consensus" among international leaders on the current financial crisis.
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| U.S. Treasury Secretary Timothy Geithner speaks at the Council on Foreign Relations in New York, March 25, 2009. REUTERS/ Shannon Stapleton (UNITED STATES BUSINESS POLITICS IMAGE OF THE DAY TOP PICTURE) |
In a speech to the Council on Foreign Relations in New York on Wednesday, he outlined new legislation that will be sent to Congress this week. The legislation would give the administration sweeping new powers to seize financial firms whose collapse could jeopardize the US economy.
Timothy Geithner, US Treasury Secretary said "Risk does not respect national borders. Our plan will not focus solely on improving the basic framework of the United States, but we need the world to move with us and reach consensus on a broader set of global standards that can be applied more evenly, enforced more credibly around the world."
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Editor:Xiong Qu
