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Geithner: Debt Limit of $16.39 Trillion Will Be Met New Year's Eve...

 
gebahie

User ID: 10118097
United States
12/27/2012 01:32 PM

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Geithner: Debt Limit of $16.39 Trillion Will Be Met New Year's Eve...
Treasury Secretary Timothy Geithner said the U.S. debt limit of $16.394 trillion will be met on New Year’s Eve, in a letter to Congress on Wednesday.

“I am writing to inform you that the statutory debt limit will be reached on December 31, 2012, and to notify you that the Treasury Department will shortly begin taking certain extraordinary measures authorized by law to temporarily postpone the date that the United States would otherwise default on its legal obligations,

[link to cnsnews.com]
chaakin

User ID: 16568552
United States
12/27/2012 01:42 PM
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Re: Geithner: Debt Limit of $16.39 Trillion Will Be Met New Year's Eve...
This is becoming a yearly debacle... wonder how long it will be before the "collectors" come knocking on our door for the debt? We can't keep this up for very long...

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