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Geithner: Obama's Policies "Absolutely Not" Responsible For Debt Crisis

John Harwood, CNBC: "Do you feel that you or the administration's policies are in any way responsible for this downgrade?"

Sec. Tim Geithner, U.S. Treasury: "Oh, absolutely not. You see, the President worked incredibly hard in making real incredibly progress trying to heal the damage made by this incredible crisis and you saw him work his heart out to try to bring both parties together to reach an agreement on the long-term fiscal deal. He made some progress, didn't solve it all. But a down payment [and] very strong bipartisan support for that down payment and we got a lot of work still to do."

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