Housing Still Top Risk, Paulson Says

Summary


WASHINGTON -- The $168 billion government stimulus effort has been a timely support for the economy and will continue to boost growth in the second half of this year, Treasury Secretary Henry Paulson said Thursday.

Paulson predicted in a speech to a Washington audience that the economy will continue growing at a moderate pace for the rest of this year, despite housing slump-induced problems.

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Housing Still Top Risk, Paulson Says

"We are making progress although not in a straight line," Paulson said. "Housing continues to be at the heart of...

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