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Geithner Says ‘Absolutely’ When Asked About Eliminating Debt Ceiling

November 19, 2012
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Source: Advisor One

When asked if he agreed with Alan Greenspan that the debt ceiling should be eliminated, Treasury Secretary Tim Geithner responded, “Oh, absolutely.” Geithner was also optimistic, believing a budget deal could be struck within two weeks.

These were some of the revelations to come from his interview on Friday with Bloomberg TV'S “Political Capital with Al Hunt.”

Other topics covered by Geithner were the fiscal cliff and that the "tone was very good" in Friday’s deficit meeting.

AL HUNT, HOST, POLITICAL CAPITAL: We begin the show with Treasury Secretary Timothy Geithner. Mr. Secretary, thank you for being here.

TIMOTHY GEITHNER, TREASURY SECRETARY: Good to be here.

HUNT: Friday morning, meeting at the White House, you were there with the congressional leaders, John Boehner, Barack Obama. Did you come away - first of all, were there any specific numbers put out there for a framework agreement? And did you come away encouraged or not?

GEITHNER: It was a good meeting, and the tone was very good. And you heard each of the leaders say coming out that it was a very constructive meeting. You know, they said what you'd hope for them to say at this point, which is that this is something we can do, we're committed to do it, we want to do it as soon as we can, we know the stakes are very high. We know there's a lot of tough -

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