On the recordApril 4, 2011
If you call into question the willingness of the Government of the United States to meet its obligations, you will shake the basic foundations of the entire global financial system.
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congress.govTim Geithner: “If you call into question the willingness of the Government of the United States to meet its obligations, you will shake…”
Editor's note · Context
Geithner warns of catastrophic consequences if the U.S. defaults on its debt.
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More from Tim Geithner
Jul 25, 2012
If Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
Feb 14, 2012
The only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…
Dec 4, 2012
When Timothy Geithner says today that he's willing to go over the cliff, he's saying it because, yes, it's posturing. But he's also saying it because he means it.
Feb 13, 2012
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.
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