Treasury Secretary Tim Geithner said he can’t promise that the United States won’t go over the fiscal cliff, during an appearance on “Fox News Sunday.”
“No, I can’t promise that,” Geithner said. “That’s a decision that lies in the hands of the Republicans that are now opposing increases in tax rates.”
Geithner argued that the only reason the country would go over the cliff was if Republicans refused to allow tax rates for the top two percent to go up. Once they accept that, he said, there is a basis for a deal.
On going over the cliff, Geithner said it would be “very damaging to the average American.”
