Treasury's Paulson Sees End in Sight for U.S. Credit Crunch
In an interview with CNBC, Treasury Secretary Henry Paulson said that the U.S. has been in a rough patch but is coming closer to the end of the current credit crisis.
Paulson was encouraged by the current government-sponsored entreprises (GSE) reform package and expects the U.S. economy to strengthen later in the year. He reiterated his position that the U.S. has a strong dollar policy and that the long-term strength would eventually return to the currency.
Paulson stated that the current policies in place can deal with problems the economy is facing, stating, "ultimately, the fundamentals will restore confidence in the U.S. economy."
By Steve Stecyk and edited by Nancy Girgis