WASHINGTON, Jan 18: The US Treasury Secretary Timothy Geithner warned against too much pessimism about the US economy, in an interview published on Thursday by the Wall Street Journal.

“I think people are too dark about the economy now, in part because of the shadow of pessimism, scepticism about our political system today,” said Geithner, who is set to leave his post soon.

The Treasury chief was referring to the political gridlock that has gripped Washington as President Barack Obama and his Democratic allies battled with the US House of Representatives, controlled by Republicans for the past two years. “But, and for the moment it’s very hard to do, if you look past the political dysfunction, the economy looks encouragingly resilient,” he told the Journal.—AFP

Opinion

Editorial

Sustainable path?
13 Jun, 2026

Sustainable path?

THE FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth ...
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...
A difficult story
Updated 12 Jun, 2026

A difficult story

Unless productivity becomes the dominant target of economic policy, Pakistan will continue to oscillate between crises and fragile recovery.
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...