Geithner's Formula for Post-Crisis Optimism

By correspondents Li Zengxin and Zhong Liang in Istanbul

Plans to reform financial supervision in the United States – ground zero for the global financial crisis -- still face challenges despite early signs of economic recovery.

For example, the U.S. government deficit is expected to swell to US$ 9 trillion over the next 10 years as a result of huge government stimulus and corporate bailout packages. Proposed national health care reform is another potentially costly project.