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Obama to unveil 'substantial' package: Geithner

Obama to unveil 'substantial' package: Geithner (by Steve Goldstein)

WASHINGTON (MarketWatch) -- President Barack Obama will push for a "very substantial" package of public investments, tax incentives, and targeted jobs measures Thursday night, according to Treasury Secretary Timothy Geithner in an op-ed in the Financial Times. Obama also will push for a "carefully balanced mix of fiscal reforms designed to restore fiscal sustainability over the medium term," Geithner said. He called on Europe to take "more forceful action" to resolve its crisis and for China and other emerging markets to strengthen domestic demand and allow their exchange rates to adjust to market forces.