Timothy Geithner, The US will not default

Timothy Geithner, Treasury Secretary, Discussing the plans for whether the debt ceiling is not raised " I have spent all day both days in the white house, and there's a lot happening as we try to work with leaders on both sides to bring people together to do something useful for the economy, do something about long term deficits. very important to have the leadership of the republican party definitively take default off the table." says Timothy Geithner " senator McConnell, Mr. Boehner, cantor have each said default is not an option and you saw senator McConnell propose last week a mechanism for making clear that the u.s. will not default. again, we need to make sure we'll do something about a long term deficit. we're still working very hard and the president said last week wants us to work towards the biggest, the largest budget agreement we can. " he added