Fiscal Negotiators On "Fox News Sunday"
US Treasury Secretary Tim Geithner’s response to Republicans:
“Obviously it’s a little hard for them now and they’re trying to figure out where they go next and we might need to give them a little time to figure out where they go next.”
Geithner and House Speaker John Boehner sat down with Chris Wallace Friday, in separate interviews, to plead their side of the fiscal cliff case.
“We laid out a very detailed carefully designed set of spending savings and tax changes to help put us back on a path of fiscal responsibility,” Geithner said of their proposal.
House Speaker John Boehner called the same, “a non-serious proposal.”
“All of this new stimulus spending would literally be more than the spending cuts that he was willing to put on the table,” Boehner said of the plan.
Geithner said if Republicans want to go beyond the cuts Democrats have outlined they will have to be specific.
“They have to tell us on the spending side if they want to go beyond what we are, or do it differently, they have to tell us what makes sense to them… we can’t figure out what works for them.”
Geithner defended the proposal’s allocation of spending cuts to tax increases.
“What we’re trying to do is make sure we’re strengthening Medicare not shifting costs to seniors and creating some room to invest in things that are important to how we grow in the future.”
On the tax side, Geithner says the White House is willing to work with Republicans on tax reform, but only as part of an agreement that “has those rates go back up.”
Speaker Boehner stood firm on taxes, and said the lack of seriousness on the part of the White House has left us, “nowhere, period. We're nowhere.”