By Peter Schroeder - 12/05/12 09:39 PM EST
"Oh absolutely," said Geithner. "We see no prospect for an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest."
Geithner also indicated that the president's push to take control of the nation's debt limit was a vital component to any agreement. The White House's original fiscal-cliff proposal included a provision that would let the administration raise the debt limit as needed, leaving Congress only the opportunity to pass measures, subject to a presidential veto, disapproving of the hike.
"We're not going to make the American people pay the price again for a group of minority Republicans who say they want to threaten default occasionally," he said.
For more on Geithner's comments, click here.