WASHINGTON (CNN) - The U.S. economy is no longer on the edge of collapse, but Americans face "tough choices" in the future on reducing the expanded deficit, Treasury Secretary Timothy Geithner said Sunday.
Appearing on the ABC program "This Week," Geithner said he expected continued economic improvement for the rest of 2009 and a reversal in job losses the following year.
"What you're going to see first is growth turn positive," Geithner said. "Then you're going to see the pace of job losses slow significantly further," with job creation possible next year.
Economic collapse is "not going to happen," Geithner said.
He warned, though, that emergency steps including the bailout plan last year and the economic stimulus bill this year are expanding the federal budget deficit to unsustainable levels.
"We will not get this economy back on track, recovery won't be strong and sustained" if the deficit isn't reduced in the future, Geithner said.
"We can do this - it just requires the will to act," he said, calling an overhaul of the health-care system one important step by reducing costs for both the government and average Americans.
Geithner refused to rule out future tax increases, saying the government would take whatever steps were necessary to reduce the deficit once recovery is established.