Tim Geithner: “Our deficits are unsustainable.”

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 TARP bank investments have already produced a profit for the taxpayer of over $19.5 billion.

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.

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