U.S. economy in better shape to handle high gas prices-Geithner

Reuters News
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Posted: Apr 15, 2012 9:38 AM
U.S. economy in better shape to handle high gas prices-Geithner

WASHINGTON (Reuters) - The U.S. economy is in a better position to deal with high gasoline prices, Treasury Secretary Timothy Geithner said on Sunday, adding that unseasonably warm winter had lowered overall energy costs for consumers.

Speaking on ABC's "This Week" program, Geithner also dismissed suggestions that the country's huge budget deficit put it at risk of being the next Greece.

(Reporting By Lucia Mutikani; Editing by Eric Beech)