Tim Geithner: “We will not be effective unless we earn more confidence with you and your colleagues and with the American people that…”

The things that are burdening the economy, making growth weaker are things that only Congress can solve.

It would raise, dramatically, the borrowing cost, permanently, for all Americans.

we have suggested that the burden for the revenues that would have to come on the individual side should fall on the most fortunate 2 percent of Americans through an increase in the effective tax rate on those individuals.

If Congress were to legislate constraints on itself that was consistent with that deficit reduction path, that would be enormously helpful to sustaining the confidence in the United States and around the world that we are going to go back…