“WASHINGTON—Treasury Secretary Timothy Geithner will warn Congress Wednesday that the euro-zone debt crisis and the political divide over fiscal policy in Washington pose threats to the U.S. economic recovery, issuing a pointed warning of the twin risks he believes are holding back growth.
Mr. Geithner will warn the House Financial Services Committee, according to a draft of his testimony reviewed by The Wall Street Journal, that “a severe crisis in Europe would necessarily have very substantial, adverse effects on the United States.” He will say the continuing fight in Europe over how to deal with the region’s debt problems is hurting global growth and exacerbating a slowdown.”
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