Geithner: No deficit reduction without tax hikes
US Treasury Secretary Timothy Geithner on Tuesday warned against extending tax breaks to give Washington more time to broker a deficit reduction deal, saying it would create more uncertainty in the markets.


"It will leave a different source of uncertainty, which is what's going to give people the incentive to come back and do something tough," said Geithner at an event sponsored by The Wall Street Journal, in his first public comments on the looming fiscal crisis since US President Barack Obama won re-election last week. (Reuters)