Tag Archives: Treasury Secretary Timothy Geithner

The Real Country-Killer in 2013

Never mind the “fiscal cliff.”  America went bankrupt, technically, at midnight on December 31, 2012.  We hit the debt ceiling of $16.394 trillion.  Yet the U.S. government needs to borrow more money than is legally allowed.  So Treasury Secretary Timothy … Continue reading

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US Reaches $16.4 Trillion Debt Limit Today

The United States will reach its $16.4 trillion borrowing limit on Dec. 31 and undertake “extraordinary measures” to avoid default, the Treasury Department informed congressional leaders in a letter on Wednesday. The notice about the debt ceiling came packaged with … Continue reading

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Obama Wants Free Hand to Raise Debt Ceiling

House Minority Leader Nancy Pelosi (D-Calif.)  said on Friday that Congress should hand over to President Barack Obama the power to unilateral increase the limit on the U.S. government’s debt. In effect, under the plan Pelosi is endorsing, the only limit on … Continue reading

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