U.S. Treasury Secretary Timothy Geithner said Tuesday the U.S. economy seems to be gaining momentum, and Group of 20 (G20) summit in Pittsburgh, Pennsylvania this week would seek to ensure the global recovery was “balanced.” “We are at the very beginnings of this recovery,” Geithner told reporters in Washington. “We need to make sure that we keep at this, so we have in place a recovery that is going to be self-sustaining, led by private demand, [and] a financial system that can actually provide the credit that is needed.” Leaders of the world's top 20 industrial and developing countries meet this week in Pittsburg, and Geithner said the goal was to assess the global economy and ensure better future growth. “To make sure that as we recover from this crisis we are laying the seeds for a more balanced, more sustainable recovery. That is the agenda,” he said. U.S. officials want the G20 to adopt a framework aimed at improving domestic consumption in export-oriented members like China, Germany, and Japan, while increasing savings and reducing consumption among import-hungry debtors like the United States.
