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Geithner: US Faces ‘Very Tough’ Challenges in ‘Dangerous’ World

“Europe’s debt crisis, higher oil prices and the year-end budget cuts and tax increases still remain risks to the U.S. economy, Treasury Secretary Timothy Geithner said on Thursday.

“We still live in a dangerous and uncertain world, with Europe confronting a severe and protracted crisis,” Geithner said in remarks prepared for the Greater Baltimore Committee group of regional businesses and non-profit organizations. ”

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