Timothy Geithner (TG) is concerned that the banks' reluctance to lend could cause the economy to experience hiccups to its march to recovery. Although recent manufacturing data shows that the economy is well on its way out of the recession, the unemployment figures were not as rosy. This coupled with the decreasing household and business borrowings will hinder the economy's recovery.
TG has also expressed that no further government stimulus would be required as the previous package has not been fully utilized as yet and half of the package is still available for them.
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