Geithner says recession easing, U.S. on the mend
JEDDAH, July 14 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Tuesday that aggressive efforts to counter a global financial crisis were starting to work and acknowledged the United States had a special duty to help spur a recovery.
"Given the dollar's role in the international financial system and the significant impact of the U.S. economy on global economic conditions, we fully recognize that the United States has a special responsibility to play," he said in prepared remarks for delivery to the Jeddah Chamber of Commerce.
Geithner, who arrived in Saudi Arabia overnight from London, is aiming to reassure Gulf Arab states that the United States wants their investments and that their U.S. dollar assets are safe. He travels to Abu Dhabi in the United Arab Emirates on Wednesday and will also make a stop in Paris on Thursday.
(Reporting by Glenn Somerville; editing by Thomas Atkins)
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