Jul 10th, 2009 | WASHINGTON -- Treasury Secretary Timothy Geithner says the administration's plan to stimulate the economy by spending billions on construction and other local projects is on the "expected path."
Geithner defended the stimulus plan Friday after Florida Republican Rep. Bill Posey asked where the government's plan went wrong, because unemployment remains high.
Geithner says unemployment was an inescapable element of the recession. Still, he added, there has been substantial progress against what he called "the worst recession globally we've seen in generations."
Geithner is testifying before the House Financial Services Committee and House Agriculture Committee.
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