Tim Geithner: “You either prevent default, because default would be cataclysmic, or you don't.”

You cannot govern a country if you commit never to raise taxes on anybody, because things change, wars happen, crises happen.

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.

I definitely believe that Dodd-Frank has put us in a much stronger position than we were before the crisis.

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…