Treasury Preparing to Hit Debt Limit
The Obama administration is loudly warning that failure to raise the debt ceiling would be an economic catastrophe —but it’s also quietly bracing itself for that possibility, scrounging under the proverbial couch cushions for cash. Timothy Geithner has already drained a $200 billion special account at the Federal Reserve, and…
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Treasury Preparing to Hit Debt Limit
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on April 27, 2011. Filed under News, World News.
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