Geithner: Lack of small-firm loans slows recovery
U.S. Treasury Secretary Timothy Geithner on Wednesday called on banks to get back to the business of lending and said a tough credit environment for small businesses will slow economic recovery.
Without increased access to credit for American families and small businesses, growth will be weaker, companies will defer long-term investments and we will not be able to create a recovery that is self-sustaining and led by private demand, Geithner said in opening remarks to a small-business financing forum hosted by the Treasury.
(Reporting by David Lawder; Editing by James Dalgleish)
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