Tim Geithner: “Our deficits are too high. They are unsustainable and, left unaddressed, these deficits will hurt economic growth and…”

The basic sense that you see across the country that the political institutions in this country are not up to the challenges we face, unable to act, unable to solve problems, is absolutely weighing on confidence.

we have suggested that the burden for the revenues that would have to come on the individual side should fall on the most fortunate 2 percent of Americans through an increase in the effective tax rate on those individuals.

It's not a partisan issue. It's traditionally had a lot of bipartisan support.

It's very important to future economic growth. There is no alternative to doing that.