Pictures

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012. REUTERS/Eduardo Munoz

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Photo

Maxim Hot 100

The world's most beautiful women as chosen by Maxim readers.  Slideshow 

Shreen Mohammad sits with other recruits during a military exercise at the Kabul Military Training Center (KMTC) in Kabul March 28, 2012. A landmark NATO summit in Chicago endorsed an exit strategy that calls for handing control of Afghanistan to its own security forces by the middle of next year but left questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after allied troops are gone. Picture taken March 28, 2012. REUTERS/Omar Sobhani (AFGHANISTAN - Tags: POLITICS MILITARY SOCIETY) ATTENTION EDITORS: PICTURE 18 OF 27 FOR PACKAGE 'AFGHAN ARMY RECRUIT'

Afghan army recruit

A look at an Afghan recruit as he goes through the process of joining the Afghan National Army.  Slideshow 

Paulson: U.S. long-term economic fundmentals sound

1 of 2. U.S. Treasury Secretary Henry Paulson speaks at the American Bankers Association 2008 Government Relations Summit and Mutual Community Bank Conference in Washington March 11, 2008.

Credit: Reuters/Molly Riley

WASHINGTON | Tue Mar 11, 2008 11:51am EDT

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson on Tuesday said that the long-term fundamentals of the U.S. economy were sound, but that it would take some time to move past the downturn in the housing market.

"Our long-term economic fundamentals are strong. But, of course, as we all know, the economy has slowed down quite materially," Paulson told an American Bankers Association conference.

"The housing correction continues to pose the biggest downside risk," he said. "The housing data that has come out over the last several weeks confirms the views held by a number of forecasters that this correction will take some time to play out."

(Reporting by Tim Ahmann; Editing by Theodore d'Afflisio)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.