Geithner: ‘I Don’t Understand’ Why Debt Ceiling Debate Is Back — Treasury Secretary Timothy Geithner told the PBS NewsHour’s Jeffrey Brown during a factory tour Thursday that he couldn’t understand why the debate over the federal debt limit is back again. “Because look at how much damage it caused the country last August. I mean, it was terribly damaging for the country. And the idea you can govern effectively at this time in American history — you know, we’re fighting wars. We’ve got a major financial crisis in Europe. We have all of these challenges for the rest of the country with political politicians threatening to default if we don’t adopt a partisan political agenda. It’s deeply irresponsible. There’s no basis for it.” — PBS NewsHour
