Washington Post, “Geithner asserts ‘critical role’ of manufacturing“:
U.S. Treasury Secretary Timothy F. Geithner used a trip to a Pittsburgh metals factory on Wednesday to buff the image of American manufacturing ahead of a key decision on China’s currency policy, showcasing the type of heavy industry that can succeed in the United States despite stiff — and some argue unfair — competition from abroad.
“This is a sector that will play a critical role in helping to spur our economic recovery and contribute to our long-term prosperity,” Geithner said after a day in which he toured a mill where Allegheny Technologies Inc. produces specialty metal plates. He also met with representatives of United Steelworkers and U.S. Steel.
- Treasury News Release, “Secretary Geithner’s Remarks at the United Steelworkers“
- AP via Washington (PA) Post-Observer, “Treasury secretary tours local steel mill“
- Pittsburgh Post Gazette, “Treasury chief boosts policy on banks bailout, China trade“
- Pittsburgh Tribune-Review, “Geithner rallies steelworkers“
- Wall Street Journal, “Geithner Promises More Infrastructure Spending“
- Reuters, “Treasury’s Geithner says US economy slowly on mend”
BTW, on Monday, Allegheny Technologies announced a $5 million one-time, non-cash tax charge because of the new health care law. None of reports mention the charge, bu then Geithner’s trip had many news angles.