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

The Washington Report: March 26, 2021 … “Guy With A Digger at Suez Canal”

Eye-On-The-Prize Strategy ... Return To Normalcy ... Romney's Award ... We Plan, God Laughs ......

Washington Report October 21, 2016

Good Friday morning. 18 days until ELECTION DAY. It's going to be a LONG 18...

Washington Report May 20, 2016

SPENDING BILLS .... ROBBING PETER TO PAY PAUL ... VETERANS AND MIL CON ... CHAOS...