The big mistake countries make in financial crises is they put the brakes on too early. They don't keep at it until recovery is firmly established. And the world needs to see that kind of sustained commitment.
Treasury Secretary Geithner emphasizes the importance of sustained economic commitment during financial crises.
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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.
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…
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 TARP bank investments have already produced a profit for the taxpayer of over $19.5 billion.
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