Home / News / Geithner Cautions Against Congress Punting Fiscal Cliff Deal

Geithner Cautions Against Congress Punting Fiscal Cliff Deal

Treasury Secretary Tim Geithner said Tuesday lawmakers should not put off an agreement to deal with the fiscal cliff of spending cuts and tax hikes until later, National Journal reports.

Geithner told a Wall Street Journal CEO Council meeting that would extend the uncertainty of the country’s fiscal future and lower confidence citizens have in lawmakers’ ability to negotiate and reach a deal.

One layer of uncertainty involves whether the incentive exists for a lawmaker to bring forward an idea and reach a compromise, he said, according to the report.

Geithner told the council to watch for and be wary of lawmakers that support extending the cliff provisions during negotiations.

He will reportedly be sought for advice during the negotiations but not play a role in decision-making.

Check Also

GSA’s New Pilot Program Aims to Bolster eBuy Marketplace Transparency; Emily Murphy Quoted

The General Services Administration has initiated a new pilot program intended to get more firms to sell products and services on the agency's eBuy federal marketplace. The one-year program would publicly disclose associated, post-award request-for-quote information on FedBizOpps in a move to increase eBuy's transparency, the GSA said Wednesday.

Leave a Reply

Your email address will not be published. Required fields are marked *