Geithner: GOP Will Cave on Fiscal Cliff

    Timothy F. Geithner, U.S. treasury secretary, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 26, 2012. Geithner said he was concerned when he heard about potential weaknesses in the London interbank offered rate in 2008 and reiterated that he moved quickly to alert U.S. and British regulators. Photographer: Andrew Harrer/Bloomberg via Getty Images

    Andrew Harrer / Bloomberg / Getty Images

    Obama’s top fiscal-cliff negotiator is feeling confident. Treasury Secretary Tim Geithner said on Sunday that John Boehner and his House cohort will eventually give in to the president’s demand to raise taxes on the wealthy as part of a deal. “There’s not going to be an agreement without rates heading up,” Geithner asserted on CNN's State of the Union. Boehner, on a separate program, balked. “When you go and increase rates,” he said, “you make it more difficult for our economy to grow.” And the clock ticks on.

    Read it at Reuters