November 23, 2014

Outgoing Treasury Secretary Immersed in Fiscal-Cliff Negotiations

November 12, 2012
Government Executive

Excerpt

 

During the fiscal-cliff debate this fall, Geithner will keep a steady focus on when to pursue an increase of the debt limit, with the goal of staving off a repeat of the panicked market upheavals that caused the Dow to plummet 600 points the last time around.

“Geithner’s role is going to be to ride shotgun on the debt limit and make sure that everybody is sufficiently alarmed about that,” said Robert Bixby, director of the Concord Coalition, a nonpartisan advocate for responsible fiscal policy. “And that would help bring a negotiation to a conclusion.”