Treasury Secretary Tim Geithner just said on CNBC that the administration is “absolutely” prepared to go over the fiscal cliff if Republicans do not agree to a deal in which tax rates are hiked on incomes above $250,000.
Earlier on Wednesday, President Barack Obama charged House Speaker John Boehner with holding up a deal because of his opposition to rate increases.
“We can probably solve this in about a week,” Obama said. “It’s not that tough.”
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.