Geithner discusses S&P downgrade, economic outlook and why he’s staying

August 8, 2011

Turn off CNBC and Fox Business for a minute. Trust me, you'll benefit from taking a break from rubbernecking at the financial wreck brought about by the debt ceiling head-on collision last week on Capitol Hill.

OK. You're still peeking through your fingers? Then at least get away from the specifics on how big a hit your portfolio is taking today and check out what Treasury Secretary Timothy Geithner has to say about Standard and Poor's decision.

Key takeaway: "I'm very confident in this country and the capacity of this country and even this political system, damaged as it looks, to come together and try to make more progress in these long term challenges. … If we've learned anything these last three months it's time to put the economy out of politics. These are challenges facing the country of the United States, not one party or the other, and we both have some responsibility to come together and dig our way out of this."

Yeah, yeah, I'm all hopes and dreams and fluffy kittens today. Cut me some slack. It was a weird weekend so I'm trying to start the week on a positive note and see how that works out.

Bonus: You'll get to hear the man who oversees our money use the word "snarky."

Related posts:

Want to tell your friends about this blog post? Check out the buttons — Tweet, Reblog, Like, Digg This and more — at the bottom of this post. Or you can use the Share This icon to spread the word via email and other popular online avenues. Thanks!

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
The latest Dirty Dozen tax scam list is familiar because too many are still falling for the schemes

March 5, 2026

Tax filing season is also peak time for tax scams. Be on the lookout for…

Read More
Hello Tax Season 2026

Happy New Tax Year! Are you ready to file your 2025 tax return? I know, too early to ask. But Tax Day 2026 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol’ blog’s tips and other tax reminders should help all of us meet our state and federal responsibilities. Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April’s Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the IRS by that date. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
Leave the first comment