This week, Secretary Geithner testified before the House Ways and Means Committee, Senate Finance Committee, House Budget Committee and Senate Budget Committee on the Administration’s FY 2012 Budget, which lays out a responsible plan that puts the nation on a path to live within our means so we can invest in our future – by cutting wasteful spending and making tough choices on programs we cannot afford, while making the investments we need to grow the economy and create jobs. The President’s Budget cuts the deficit he inherited in half as a share of the economy by the end of his first term; includes proposals that will reduce deficits by more than $1 trillion over the next 10 years; and cuts non-security discretionary spending to its lowest level as a share of the economy since Dwight Eisenhower was President.
Read the written testimony of Secretary Geithner
View the Treasury's FY 2012 Budget documents