Geithner: US Will Reach Debt Ceiling on Monday

Treasury secretary prepares 'emergency measures'

By Neal Colgrass,  Newser Staff

Posted Dec 26, 2012 5:40 PM CST

(Newser) – The federal government will hit the debt ceiling on Monday, Timothy Geithner informed Congress today—so he's readying "emergency measures" to keep Washington from borrowing beyond its limit. Those measures will create roughly $200 billion in breathing room for the feds to operate,...   Read full story »

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