NEW DELHI (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Tuesday he was "relatively confident" that Washington can manage its fiscal challenges.
The U.S. economy could be pitched into a new recession because of substantial tax rises and government spending cuts - the so-called "fiscal cliff" - due to hit early next year unless Congress agrees to cancel or delay them.
But Geithner sounded a cautiously upbeat note at an India-U.S. business forum during a visit to New Delhi.
"Now we're growing close to potential but if you look through those factors, it's a little more encouraging than you might think," he said. "We are now in a much stronger position than what is true for any other major developed economy."
(Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by John Chalmers)