Mr Timothy Geithner US Treasury Secretary said that there is a risk that US economic recovery could take a long time, but vowed to take all necessary steps to speed it up.

He added that "Well, that's the risk. I mean, people, economists generally worry that a recession that comes after a long period where people borrowed too much, banks took on too much risk, requires a slower, longer recovery, because people have to reduce debt, they are going to have to save more."

But he promised that the administration of President Mr Barack Obama was going to do everything it can to accelerate the process. He said that "We're laying the foundation for a more sustainable, more balanced, healthier recovery for this economy."

(Sourced from www.daylife.com)