Tim Geithner: “It is inconceivable that America would do that.”

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

If Congress does not act on these tax provisions or on the investments and infrastructure things, then what happens to the American economy? What happens is that every American who has a job will see their taxes go up by $1,000 on average…

the policies that Iran is pursuing are unacceptable--and until Iran's leadership agrees to abandon this dangerous course, we will continue to use tough and innovative means to impose severe economic and financial consequences on Iran's…

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.