Geithner also stressed that there is "no doubt" the U.S. would avoid a default crisis this summer, saying he was confident that Washington officials would reach agreement on a bipartisan framework for reducing deficits. He called it “unimaginable” that the country would default on its debts.
Geithner: 'No doubt' US will avoid default
Treasury Secretary Timothy Geithner signaled Tuesday that the high-level talks on the debt ceiling might have to put off detailed discussions on issues like entitlement and tax reform.