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 to living within our means.
Geithner emphasizes the importance of Congressional action for fiscal confidence.
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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…
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.
I definitely believe that Dodd-Frank has put us in a much stronger position than we were before the crisis.
If Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
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