Tags: fiscal cliff, negotiations, tick tock tick tock, Tim Geithner
Yes, he said that he’ll stay ’til this thing gets done but FYI, he’s already booked a one-way ticket out of this dump and it’s nonrefundable, so if you think he’s gonna just stand by while you people fumble around and fuck everything up, thereby prolonging his stay in this asylum one day longer, think again!
The White House has tapped the Treasury secretary as its lead negotiator in deficit-reduction talks with Congress, giving Mr. Geithner about a month to help cut a deal before $500 billion in tax increases and spending cuts begin in January—and before his long-planned departure from the administration. It is a sharp change in role for the 51-year-old, who has been preoccupied largely with the U.S. financial crisis, banking policy and Europe’s debt crisis in the past four years. The move is part of the White House’s effort to leave behind the near-catastrophic failure of 2011 talks over raising the debt ceiling. Those negotiations were led by a team, including Jacob Lew, then White House budget chief and now chief of staff, with whom Republicans frequently clashed because they felt Mr. Lew wouldn’t agree to major changes to entitlement programs like Medicaid.
At one point, an aide to Senate Minority Leader Mitch McConnell (R., Ky.) hung up on Mr. Lew. But people close to the White House effort said the blame lay on Republicans’ unwillingness to negotiate major changes to the tax code. They said Mr. Lew has been part of several successful efforts to reduce the deficit, stretching back to his time in the Clinton administration…Mr. Geithner has spent much of the past few months preparing for the fiscal debate, as well as for his departure.
Geithner To Play Key Role In Negotiation [WSJ via Counterparties]