Geithner signals new taxes among options to cut deficit

New taxes on Americans in order to bridge the massive budget deficit are among the range of options being considered by the Obama administration, Treasury Secretary TIm Geithner signaled Sunday.

Geithner said that the Obama administration is committed to bringing down the deficit once the economy has begun to recover, and that it is looking at a variety of ways to achieve that.

"Well, we're going to have to look at