As December begins and the countdown to resolve the fiscal cliff heats up, Treasury Secretary Timothy Geithner is hopeful. The Washington Post reports that Geithner said a deal will be reached in time, despite House Speaker John Boehner's (R-Ohio) comments on Friday, proclaiming that he'd reached a "stalemate" with the White House.
"I do think we're going to get there," Geithner said in an interview on CBS's "Face The Nation" set to air later Sunday morning. "Because, you know, the only thing that stands in the way of an agreement that's good for the American economy is if a group of Republicans decide they're going to block any increase in tax rates on the wealthiest Americans. I think it's very unlikely they choose to do that, of course, because there's so much at stake."
Geithner said Republicans "really are in a difficult position. And they're going to have to figure out their politics of what they do next, and they're trying to figure that out right now."
Read more at the Washington Post.