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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Geithner: We'll Be Back By 2011

Treasury Secretary Tim Geithner, testifying right now before the House Ways and Means committee on the new budget, said that there is near-universal agreement among economic forecasters than the U.S. will get back to "substantial growth rates" by 2011.

In his testimony, Geithner said: "The problems that confront this nation are daunting. But we are a strong and resourceful country. Faced with great challenges in the past, we have shown the will to overcome adversity and carve a path back to prosperity. We will do so again."

You can read Geithner's entire testimony here.

Though it may be coincidence, Wall Street went up when Fed Chairman Ben Bernanke was testifying earlier today.

Now that Geithner's talking, they're back in negative territory.

-- Frank Ahrens
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By Frank Ahrens  |  March 3, 2009; 1:46 PM ET
Categories:  The Ticker  | Tags: Ben Bernanke, Geithner, Obama, budget  
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