Tim Geithner: “I believe very strongly that our actions will be more effective if we get complementary actions by other countries.”

It would raise, dramatically, the borrowing cost, permanently, for all Americans.

It would be better for the country for Congress to provide some certainty about how we are going to address these long-term fiscal problems.

If you call into question the willingness of the Government of the United States to meet its obligations, you will shake the basic foundations of the entire global financial system.

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…