…In his prepared remarks, Geithner said the U.S. economy is headed “in the right direction” after the financial system was falling apart at the height of the crisis. The economy is now “healing” and growing again, he said, and he called on lawmakers to shore up the recovery through bipartisan cooperation on measures to boost hiring and help small businesses.

“TARP was the single-most important program that prevented a meltdown in our financial system,” saidᅠ Tony Fratto, who served as a White House and U.S. Treasury official under President ᅠGeorge W. Bush. “Many members of Congress — on both sides of the aisle — fell on their swords during a tense and difficult time to get it done.”

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