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Orszag: Economy 'Not Out of Woods Yet'

Thursday, 3 May 2012 | 7:21 AM ET

"We're better than we were last year -- in a sense that we're a year into the adjustment process -- but we're not all the way out of the woods yet in terms of lifting the burden of the aftermath of the financial crisis," says Peter Orszag, Citigroup Global Banking vice chairman and former OMB director.