Geithner Predicts Big Things at G20

Confident Treasury chief expects 'global stimulus' plan
By John Johnson,  Newser Staff
Posted Apr 1, 2009 9:57 PM CDT
Treasury Secretary Timothy Geithner is seated beside President Barack Obama during their meeting with China's President Hu Jintao.   (AP Photo/Charles Dharapak)
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(Newser) – Treasury chief Tim Geithner made time in London for a series of TV interviews in which he expressed confidence that the global economy has turned the corner. He told Bloomberg that he sees "encouraging signs" of recovery and said policy makers at the G20 summit will make sure the trend continues. “I’ve never seen this much support around the world," he said.

"You're gonna see the strongest consensus on coordinated global stimulus you've seen in generations," Geithner told ABC. "A very powerful consensus on the kind of 21st-century rules of the road for our financial systems." In an interview with CBS, Geithner also said he's open to pressuring a bank CEO to resign, much as the government forced GM chief Rick Wagoner to step down.