WASHINGTON – Treasury Secretary Timothy Geithner acknowledges the federal budget deficit is too high, but that the priorities now are economic growth and job creation.
Asked repeatedly on NBC's "Meet the Press" whether this means taxes will rise, Geithner avoided giving specifics. He did say President Barack Obama is committed to dealing with deficit in a way that will not add to the tax burden of people making less than $250,000 a year.
The White House has not decided how to reduce the red ink, Geithner said in an interview broadcast Sunday.
"Right now we're focused on getting growth back on track," he said. "And we're not at the point yet where we have to decide exactly what it's going to take."
It looks like the MSM is being prepped for next week's unemployment report.
Originally posted by urg8rb8: I am shorting the broad markets.
You, know, typically September and October are HORRIBLE months for the market in general... I'm wondering if cash for clunkers and the like have shoved that to the right by a month or two this year. Regardless, I agree with you.
