Snow says high energy prices hurt U.S. recovery
 

Thu Aug 5, 2004 08:34 AM ET

 

CANTON, Ohio, Aug 5 (Reuters) - Soaring global energy prices threaten a U.S. economic recovery that otherwise seems healthy and has largely overcome a June lull, Treasury Secretary John Snow said on Thursday.

In an interview on local radio station WAKR, Snow singled out energy prices as a special concern that stands out among other signs of a generally sustained recovery like high levels of home ownership and an improving jobs market.

"These extraordinarily high energy prices are a negative," Snow said. "They're hurting the recovery and they're extremely unwelcome and it's time ....for the Senate to go back to work and pass the President's energy bill."


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