With the U.S. budget deficit hitting an all-time high of $1 trillion, Treasury Secretary Timothy Geithner was confronted with the tricky task of trying to assure the oil-producing Persian Gulf states that the dollar is strong -- and always will be. The countries have a lot riding on the future of the U.S. dollar. Together, they own about $400 billion in U.S. investments, and they also peg their currencies to the dollar.

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