Tim Geithner: “If we don't do that, then we are going to have a rising debt-to-GDP ratio over time and higher interest rates.”

executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.

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.

The world still views the United States and the American political system as up to the challenge of delivering reforms that make our economy stronger and our fiscal position more sustainable.

One of the most important things the Congress did is to say, 'We're going to establish a level playing field across banks and nonbanks.'