Geithner: My Plan Represents ‘Balanced Approach’

by Eliana Johnson

Treasury Secretary Timothy Geithner told Chris Wallace this morning on Fox News Sunday that his plan to avert the fiscal cliff, which he took to GOP lawmakers on Thursday, represents a “balanced” approach to the problem. 

Senate minority leader Mitch McConnell said he “burst into laughter” when he heard Geithner’s proposal, while House Speaker John Boehner said it left him “flabbergasted.”