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Treasury Secretary Geithner tells Congress that the U.S. will reach its legal debt limit by May 16 and urges lawmakers to act soon.
The Treasury Department’s arsenal of emergency measures may provide extra borrowing room to last only until about July 8, Treasury Secretary Timothy F. Geithner said today. Get the full story »
As Republican lawmakers threaten a showdown over the federal debt limit, bond investors are calculating when they should start to get nervous. The answer: early March, and probably, really worried in April.
Wall Street economists, looking at recent seasonal spending and revenue trends, estimate the $14.3 trillion debt limit will be reached toward the end of March or sometime in April if Congress fails to raise it before then. Get the full story »
