WASHINGTON Treasury Secretary Timothy Geithner said on Sunday that he "can't promise" that the United States won't go over so-called fiscal cliff, insisting it is up to congressional Republicans.
"That's a decision that lies in the hands of the Republicans that are now opposing an increase in tax rates," a key sticking point, Geithner told "Fox News Sunday."
House Speaker John Boehner, the top U.S. Republican, said later in a separate appearance on the show: "I don't want any part of going over the cliff. I'm going to do everything I can to avert that."
(Reporting by Thomas Ferraro; Editing by Jackie Frank)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column