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U.S. Day Ahead: Next stop for Geithner, France

Tuesday, December 06, 2011 - 01:53

Dec. 6 - U.S. Treasury Secretary Timothy Geithner travels to Paris to meet with French President Nicolas Sarkozy amid tense talks over the region's debt woes.

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Here -- you're US day ahead Treasury Secretary Timothy Geithner travels to Paris. Today with French president Nicholas Sarkozy amid tense talks over the region's debt woes. At an earlier news conference Geithner praised moves towards more fiscal union and stressed the role of the European Central Bank. Reuters economics editor William -- -- says that's probably the extent of what the US can do right now. He was mentioning how important role ECB has played in and so -- this crisis but when asked about a report that perhaps the Fed could put more money into the rescue fund. He was quick squash that the idea of US taxpayers money going to help. Rescue profligate Euro zone members doesn't play well in Washington as recurrence of the 2012 election. It testers get more insight into the Fed when 1 of the Central Bank governors Sarah bloom raskin takes to the podium. She's speaking at 8:30 AM in Baltimore on fed policy. Back in October raskin that the economy was still suffering from a shocking drop in homeowner's equity. And reforms were needed in how mortgage loans were originated and handle an update on how much Americans are borrowing land consumer credit comes out at street yet. Analysts that I have cars they expect a slight drop to seven billion dollars not revolving credit like student and auto loans should take the ball combat rising to six billion dollars. Revolving credit like credit cards should see signs of stabilization. As Chevron is expected to unveil its plans for future development. The second largest US oil company has signaled. It wants to increase its capital and exploratory budget to drive growth after 2014. Oilfield services companies in particular. Are watching closely for any signs of spending cuts I'm Rhonda -- this is Reuters Insider.

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U.S. Day Ahead: Next stop for Geithner, France

Tuesday, December 06, 2011 - 01:53