Obama's Economic Team Says Economy Improving; House Members Doubtful

Three of the Obama administration's top economic officials today said the country has bounced back from the depths of the recession but still faces serious obstacles such as high unemployment, rising foreclosures, and a soaring budget deficit. "We're seeing some encouraging signs of progress, but we face many, many daunting challenges ahead," said Treasury Secretary Tim Geithner at a House Appropriations Committee hearing this morning. Joining Geithner at today's hearing were the other two...Full Story
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