US economic woes need 'months' to recover: Paulson
The US economy will need months to recover from a growth slowdown caused by a home mortgage crisis, turmoil in financial markets and high energy prices, US.
By PTI |
WASHINGTON: The US economy will need months to recover from a growth slowdown caused by a home mortgage crisis, turmoil in financial markets and high energy prices, US.
Treasure Secretary Henry Paulson said on Sunday. Paulson also told CBS television's "Face the Nation" he was optimistic Congress will approve the Bush administration's request for authority to lend money to the troubled mortgage giants Fannie Mae and Freddie Mac.
Treasure Secretary Henry Paulson said on Sunday. Paulson also told CBS television's "Face the Nation" he was optimistic Congress will approve the Bush administration's request for authority to lend money to the troubled mortgage giants Fannie Mae and Freddie Mac.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
