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
6 tax moves to consider this June

June 3, 2026

Definitely take a break this June. But taxes don’t take vacations. So, you also should…

Read More
Tax Season 2026 Continues!

We made it. Tax Day 2025 is finally over. For most of us. When the filing season started on Jan. 26, millions who were expecting refunds filed immediately. Most of us got our returns to the Internal Revenue Service by April 15. But plenty of taxpayers also got extensions. They are looking at an Oct. 15 filing deadline.

Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

But enough about Uncle Sam’s tax collection issues. The focus now is on all y’all who filed for extensions, giving you another six months to complete your return. Since your new mid-October due date will be here before you know it, let’s get started now on meeting it.

The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments