Tim Geithner: “While we see some initial signs of economic improvement and the financial system is beginning to heal, our country faces…”

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

It's critically important. I'll give you an example of how to--if the Congress extends those tax cuts that go to 2 percent of the most fortunate Americans in the country, we have to go borrow $1 trillion over 10 years.

Absolutely. Yes, again, we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest Americans.

If the U.S. Government were at this time... to significantly reduce the assistance it provides students going to college, that would be a bad thing for the country.