Geithner: Economy Growing Faster than Expected

Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Jan. 27, 2010, before the House Oversight and Government Reform Committee hearing on AIG. (AP Photo/Pablo Martinez Monsivais)
AP Photo/Pablo Martinez Monsivais
Treasury Secretary Timothy Geithner says the economy is growing faster than the Obama administration expected.

He tells NBC's "Meet the Press" that the country is on the way to sustained job creation. But he acknowledges that unemployment may remain high, close to 10 percent.

Geithner says there's more confidence in the business world, and he says the private sector is growing. He also says people are spending more.

He said he sees encouraging signs that should make Americans confident the country will emerge stronger.

The Treasury chief's remarks come on the heels of a week that saw several economic indicators - from sales reports to government surveys to Fed boss Ben Bernanke's own comments - suggest the economy may have turned a corner.

  • Tucker Reals

    Tucker Reals is the foreign editor, based at the CBS News London bureau.