WASHINGTON (AP) - Treasury Secretary Henry Paulson says
financial markets are "considerably calmer" now than they were
two months ago. He predicts the economy will be rebounding by the
second half of this year.
In remarks prepared for delivery to business executives Friday,
Paulson characterizes housing troubles as still the biggest drag on
the economy. But he says that risk will soon be lessened by nearly
$100 billion in economic stimulus payments to U.S. households.
Paulson says the stimulus checks will support the economy as it
weathers the housing correction, market turmoil and higher energy
and food prices.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.