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Geithner: Republican Lawmakers Will End Up Accepting Higher Tax Rates

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"The ball really is with them now," Geithner said, noting that Republicans have to accept higher tax rates on the rich and be willing to specify what spending cuts they want in order for negotiations to move forward. Yet he made it clear that Social Security won't be part of the fiscal cliff negotiations. "We're prepared to, in a separate process, look at how to strengthen Social Security," Geithner said.

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