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Geithner: "I Don't Understand" Why Debt Ceiling Debate Is Back

U.S. Treasury Secretary speaks with the PBS NewsHour's Jeffrey Brown Thursday at Marlin Steel Wire Products, a factory in Baltimore. Transcript below.

JEFFREY BROWN, PBS NewsHour: Here we are again this week where the debt limit question has bubbled up. Do you see --

TIMOTHY GEITHNER: Can you believe it?

JEFFREY BROWN: Can you believe it?

TIMOTHY GEITHNER: I can't. I can't. I don't understand it. I don't understand it.

JEFFREY BROWN: You can't because, you can't understand because --

TIMOTHY GEITHNER: 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.

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