Tim Geithner: “We should not let the markets start to build any risk that Congress will not ultimately pass that increase we need.”

The administration and Congress have a responsibility to look forward, reconsider the role government has played in the past.

It's critically important. I'll give you an example of how to--if the Congress extends those tax cuts that go to 2 percent of the most fortunate Americans in the country, we have to go borrow $1 trillion over 10 years.

I believe, as does the President, that there is no plausible way for us to address the many economic challenges facing the country, including our unsustainable fiscal deficits, without asking those most fortunate few to pay a modestly…

It's not a partisan issue. It's traditionally had a lot of bipartisan support.