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.
Geithner outlines the President's budget proposal aimed at reducing deficits.
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You cannot effectively oversee a financial system without much better information than we had access to before the crisis.
The TARP bank investments have already produced a profit for the taxpayer of over $19.5 billion.
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…
executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
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