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Brady to Geithner: "Will You Step Down?"

Congressman Kevin Brady asked Secretary of the Treasury Timothy Geithner if he would step down as part of a passionate back and forth at a Congressional hearing Thursday.

Brady (R-District 8), said President Barack Obama's economic policies have not worked, and ran down a litany of issues related to jobs, the dollar's stability, investigations and others.

"Conservatives agree that, as point person, you've failed," Brady told Geithner Thursday. "Liberals are growing in that consensus as well. Poll after poll shows the public has lost confidence in this president's ability to handle the economy. For the sake of our jobs, will you step down from your post?"

Geithner's response: "I agree with almost nothing of what you said, and I think almost nothing of what you said presents a fair and accurate perception of where this economy is today."

The secretary went on to say it was the president's economy policies that saved the American economy from its position "falling off the cliff" due to action and inaction taken before the Obama administration.

The Brady-Geithner exchange, which lasted about six minutes, was part of the Congressional Joint Economic Committee meeting. To see the exchange from CNBC's coverage of the hearing as posted by Congressman Brady, click on the video below.


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