Balanced mix of reforms needed: Geithner
A balanced mix of reforms is needed for the United States to dig out of a "fiscal hole", Geithner said during an interview with CNBC at the CNBC Institutional Investor Delivering Alpha conference.
The U.S. economy is facing $4 trillion worth of expiring tax cuts and automatic government spending reductions, dubbed the "fiscal cliff", and most analysts do not expect Congress to act to soften the blow until after the congressional and presidential elections in November.
(Reporting by Jonathan Spicer, Leah Schnurr and Svea Herbst-Bayliss; Editing by James Dalgleish)