If those were embraced by the Congress tomorrow, there would be substantially more confidence around the world in the capacity of this political system in Washington.
Tim Geithner: “If those were embraced by the Congress tomorrow, there would be substantially more confidence around the world in the…”
Editor's note · Context
Tim Geithner emphasizes the need for Congress to embrace fiscal reforms for global confidence.
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I think it's inevitable that the Congress and the administration come together and reform, comprehensively, the U.S. tax code.
executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
What the President proposed in his budget is a series of detailed changes to our resources and our commitments that would reduce our deficits from 10 percent of GDP to around 3 percent of GDP, which is primary balance.
I do not believe there is a credible argument to make that uncertainty about our fiscal deficits or uncertainty about the design of regulation in Washington today is having a material adverse effect on the American economy today.





