Tim Geithner: “The reforms we proposed... would give us a much stronger set of tools for preventing these crises from happening.”

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.

The only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…

Executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.

Absolutely. Yes, again, we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest Americans.