Geithner Warns Lawmakers That Failure to Raise US Debt Limit ‘Precipitates a Default by the United States’ With Catastrophic Economic Consequences

Timmy’s exact analysis of the situation is just brilliant! Related article: - Geithner urges Congress to raise debt limit (AFP): WASHINGTON (AP) — Treasury Secretary Timothy Geithner warned congressional leaders Thursday that the government could reach its borrowing limit by spring and failure to raise it could affect millions of American jobs. The US is [...] continue reading the breaking news