Tim Geithner: “You cannot effectively oversee a financial system without much better information than we had access to before the…”

Those--the cuts are designed to starve those agencies of the ability--deny them the ability to enforce a set of basic, sensible protections for consumers and investors.

I do not believe there is a credible argument to make that uncertainty about our fiscal deficits or uncertainty about the design of regulation in Washington today is having a material adverse effect on the American economy today.

When Timothy Geithner says today that he's willing to go over the cliff, he's saying it because, yes, it's posturing. But he's also saying it because he means it.

It would be better for the country for Congress to provide some certainty about how we are going to address these long-term fiscal problems.