Timothy Geithner: Republican Austerity Risks Recessionbr Commonwealth Club - Mark Hopkins Hotelbr Secretary Geithner will address the condition of the U.S. economy of 2012 as he argues that we have made significant progress toward economic recovery over the last three years, despite a series of external shocks to the economy. Secretary Geithner will also address the state of the global economy ahead of the Obama Administration's 2012 U.S.-China Strategic and Economic Dialogue (S&ED).