Geithner: Lack of small-firm loans slows recovery

18 November 2009 @ 09:24 am EDT

U.S. Treasury Secretary Timothy Geithner on Wednesday called on banks to "get back to the business of lending" and said a tough credit environment for small businesses will slow economic recovery.


US Treasury Secretary Geithner testifies on Capitol Hill in Washington
Treasury Secretary Timothy Geithner testifies before the Senate Foreign Relations Committee hearing on "The U.S. and the G-20: Remaking the International Economic Architecture ” on Capitol Hill in Washington November 17, 2009.
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"Without increased access to credit for American families and small businesses, growth will be weaker, companies will defer long-term investments and we will not be able to create a recovery that is self-sustaining and led by private demand," Geithner said in opening remarks to a small-business financing forum hosted by the Treasury.

(Reporting by David Lawder; Editing by James Dalgleish)

Copyright 2009 Thomson Reuters. All rights reserved.

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