Skip to main content

Default Date Inches Closer

18 Jan 2013

Default Date Inches Closer

The U.S. government will exhaust its borrowing authority between mid-February and early March if Congress doesn’t raise the debt ceiling, outgoing Treasury Secretary Timothy Geithner told Congress in a letter on Monday. The nation nudged against the $16.4 trillion debt ceiling just before the New Year. Geithner has since been using accounting maneuvers — known as “extraordinary measures” — to keep the nation from missing its debt payments and other bills.

Related Posts

Washington Report March 16, 2018

Lamb Chops ... Denial Ain't Just A River In Egypt ... Rexit ... School Walk...

CONGRESS WRAPS: Washington Report December 18, 2015

YES, VIRGINIA, OMNIBUS PASSES ... HOPE-YES, VOTE-NO OMNIBUS CAUCUS... RYAN IS NOT BOEHNER2 ... WHY...

The Washington Report – May 29, 2015

Washington Report Welcome to recess. TIME TWISTED ARM TWISTING TACTIC FAILS ... WASHINGTON'S SHOCK ......

Leave a reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.