Geithner: Congress Will Raise Debt Ceiling
And 'Gang of 6' close to a deal
By Polly Davis Doig,  Newser Staff
Posted Apr 17, 2011 11:14 AM CDT
Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Tuesday, April 5, 2011.   (AP Photo/Susan Walsh)
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(Newser) Congress is "absolutely" going to raise the debt ceiling, says Tim Geithner, because to do otherwise would be "catastrophic" and "the responsible people understand." "We’d tip the US economy and the world economy back into recession, depression," he said. "It would make the last crisis look like a tame, modest crisis." He says Republicans are quietly signaling that they'll vote for the hike. As for a certain boss of his who voted against raising the debt ceiling in 2006: "There's been a little bit of a tradition that people play politics with this." Elsewhere on the Sunday dial, as per Politico: