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Doha Events 2011
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Quote of the day
Today is a day to remember the 270 people who lost their lives in what was an appalling terrorist act. Our thoughts should be with them and their families.
IEA oil release was ‘sensible’: Geithner Saturday, 25 June 2011 00:21
MANCHESTER: US Treasury Secretary Timothy Geithner yesterday that the International Energy Agency’s decision this week to release government-held crude oil reserves was “sensible policy.”
“It will provide some modest help and relief” to the US economy, Geithner told reporters after a meeting with local business leaders in Manchester, New Hampshire. “It was a prudent use of existing reserves.”
Geithner said he was confident Congress can still reach a budget deal, even after a top Republican lawmaker walked out of the talks this week, but that tax increases cannot be taken out of the equation entirely.
“You need to have modest changes in revenue,” said Geithner, “There is no way to do a deal without it.” Reuters
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