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"If you look at the conditions since we started imposing sanctions, they're having an impact. Even the Russians admit they're having an impact." - Treasury Sec. Lew on 'Marketplace'
DETROIT, MI, April 25, 2014 /24-7PressRelease/ -- Today, American Public Media's (APM) Marketplace airs an exclusive interview with Treasury Secretary Jack Lew, conducted by Marketplace host and senior editor, Kai Ryssdal.
Secretary Lew spoke to Ryssdal from Detroit where he was observing a government program to remove blighted and abandoned homes. In today's interview, Secretary Lew discusses the impact of US sanctions on Russia, the state of the national economy and the housing market, and government efforts to rebuild Detroit.
Members of the media may access a full text story at this link: http://www.marketplace.org/topics/economy/jack-lew-us-treasury-and-detroit
Hear the full audio interview at this link (including an embeddable audio player):
Selected quotes from Secretary Lew include:
On the nation's economic recovery:
"We've seen progress. While I think there's still much more to be done. If you compare the economy today to the economy just a few years ago, it's a world better."
On US sanctions against Russia:
"If you look at the conditions since we started imposing sanctions, they're having an impact. Even the Russians admit they're having an impact."
On US Housing Market:
"Families don't forget quickly if they lost their home or lost their job. I view it as an opportunity - there is going to be pent-up demand that needs to be met."
"It is a real problem when you have vacant houses that are stripped and the windows are broken. Everyone knows what happens on the street corner if a hubcap is taken off of a car. Pretty soon, the rest of the hubcaps are gone and the car is destroyed. That happens to neighborhoods also."
The final interview will air exclusively on American Public Media's Marketplace, heard on most public radio stations nationwide in the US, this afternoon and evening. Check local listings for Marketplace air times. The final interview will also be posted on marketplace.org after 5:00pm EST.
Media inquiries and interview requests should be submitted to firstname.lastname@example.org.
Marketplace is produced and distributed by American Public Media (APM), in association with the University of Southern California. The Marketplace portfolio of programs includes Marketplace with Kai Ryssdal, Marketplace Morning Report with David Brancaccio, Marketplace Tech, and Marketplace Weekend with Lizzie O'Leary, debuting in June. Marketplace programs are currently broadcast by more than 500 public radio stations nationwide and are heard by nearly 11 million weekly listeners. The programs focus on the latest business news, the global economy, and wider events linked to the financial markets. Marketplace, now entering its 25th year, is noted for its irreverent and accessible coverage of business, economics and technology. Marketplace is also heard on a wide variety of mobile and in-car platforms including iTunes, Slacker, Stitcher, iHeartRadio, TuneIn and via the Marketplace iPhone and Android apps.
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