What Geithner News Today

Theyre going to give up their leverage? and .i think theyre going to listen to fight another day when the country runs out of money sometime at the end of february. we saw tim geithner the treasury secretary say december 31st is the day when we technically reach the debt limit. theyre going to move some things around. after a couple of months, i think thats the next battleground. it just never ends. >> and well take a look at that. what geithner said was he was writing to inform the congressiona...

Possible it divide where you have some democrats who want no movement on entitlements and if theres any heat to be taken, it to come from the gop or go to the gop. >> let me just say a couple of things. first of all, what geithner was referring to is that social security shouldnt be on the table right now because its not a driver of the deficit were dealing with right now. hes referring to a separate process next year. what the republicans have asked for previously and i hope theyre not going to...

Civil war. yes, the american civil war, when talking budget cuts. >> its not just a bad deal. this is really an insulting deal. what geithner offered, what you showed on the screen, robert e. lee was offered easier terms at appomattox and he losted the civil war. >> now, now, now, charles, thats not very christmassy of you. we dont mind if you wrap yourself to the flag, just make sure its the one with 50 stars on it. dr. james peterson is a contributor to thegrio.com and robert reich is former l...

Lost, trillions of dollars of the american taxpayers money. deeply misleading and damaging to the confidence and the cost has been damaging to the president and the integrity of the effort. >>guest: glad you showed that. >>neil: he was ripping you. >>guest: i am glad you showed that. the question before that was a question of the criticisms in the book, and what geithner did, he suggested i said something that i never said. this notion that i suggested that the tarp would lose trillions. in fact...

To save. at the same time we got rid of a lot of companies. mf global that john corzine runs is rumored to be in a lot of trouble. the lyons share of the real weak hands were flushed out and look. i wish president obama would say i got a great treasury secretary and he was so far ahead of the world. tim geithner did a lot to make our institutions stronger. why doesnt he get the credit? hes one of the greatest treasury secretaries we had. look at europe. they didnt do what geithner did. hes a tou...

Again, the treasury secretary ought to be ashamed of himself but the president ought to be ashamed of himself. there is a pattern here, when it came to the budget all he is doing is playing politics. when it comes to entitlement reform, look what they are doing, and now with this debt ceiling, the administration is purely playing politics and trying to scare the american people. geithner knows this government has plenty of money this year to service its debt and pay its bills. >> what he wants i...

Borrow money, i think the financial markets will call us on it and we will have a debt crisis because we will not be able to borrow the money. >>guest: i agree and i think geithner and president obama know that. if we dont get serious about spending in this country, that is when you will see the markets go crazy and react. they want this town to get serious and we are not goint to get serious if we continue to raise this debt ceiling. >> a quick thing, we probably will run out of money maybe by ...

Before dealing with it and unlike what geithner said, armageddon didnt hit and the markets didnt fall apart. they are fearmongerring because he is scared, really, of the fact that the president has got to get serious about spending cuts. >> you shared the screen briefly there with congressman ron paul announcing the first step in his white house run right on continue of it and he was on the screen with you, congressman, and that is his first step, i believe, to formally making an announcement fo...

Until the 5.89 -- >> neil: in other words it isnt worth it, if the government is helping you get the loan, its not the governments role. youre saying theyll go to who runs the bond about buying clearinghouse and maybe we should have the government take over the whole caboodle. what do you say? >> that worries me about what geithner was saying this morning. if you take an implicit subsidy and make it explicit, so what? under fannie and freddie in the old days, we were driving in the wrong directi...

Thats a general view in the economy thats getting better. >> here for the financial report. what does geithner have to say? whats the asaysment? >> hes accurate. but the truth is were seeing some troubling signs that thats not happening. the last round of data, the last few weeks of economic data have been disappointing. suggests that the economy is growing, not growing fast and not growing fast enough to put people back to work. >> the quinnipiac poll. 23% say its getting better, 31% say its ge...