Geithner: U.S. Won't Lose Triple-A Bond Rating

"Absolutely Not," Mr. Geithner said in an interview with ABC News's "This Week" when asked about the prospect of the U.S. Losing its top rating. "That will never happen to this country." 

Bond rating agency Moody's on Wednesday warned that the triple-A rating of U.S. Treasury Bonds could be in peril unless the U.S. reduces its federal budget deficit or the economy for rebounds. 

Mr. Geithner noted that "when investors were nervous about a global financial crisis, they sought safety in U.S. Treasury Securities and the U.S. dollars. "That is a very, very important sign of basic confidence in our capacity as a country to work together to fix these problems," he said. 

They said the Obama administration was "Deeply serious" about deficit reduction. Mr. Geithner has endorsed the creation of a Bipartisan commission that would be charged with Recommending ways to reduce the federal deficit over the long haul. 

The Treasury secretary sounded an upbeat note on the U.S. Economic Outlook, saying "we're seeing some Encouraging Signs of Healing," with the economy for Expanding at an annualized rate of nearly 6% and the jobless rate falling modestly in the most-recent unemployment report. 

The economic recovery "is going to take awhile and it's going to be Uneven," Mr. Geithner said. "While the risks of a double-dip recession are much lower than they have been, he said," we have more work to do "to spur job creation. 

They disputed remarks by newly elected it. Scott Brown (R., Mass.)., That the economic stimulus package enacted by Congress last year has failed to create jobs. "I do not think there's any basis for that judgment," Mr. Geithner said. They said the stimulus measures have been "very, very effective," and pointed Thurs improvement in the overall economy.Read More Story,http://online.wsj.com/article/SB10001424052748703427704575051192374232722.html?mod=googlenews_wsj

Geithner: U.S. Won't Lose Triple-A Bond Rating