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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.

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