WaPo: Geithner asserts ‘critical role’ of manufacturing

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.

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.

 

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