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Geithner Issues Warning on Debt Ceiling

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Geithner Issues Warning on Debt Ceiling

Post by theend on Sat May 14, 2011 6:03 pm

http://online.wsj.com/article/SB10001424052748703730804576323162542255974.html#articleTabs%3Darticle

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Re: Geithner Issues Warning on Debt Ceiling

Post by Phillymg on Sat May 14, 2011 8:05 pm

Been wondering why the Treasury Dept. decided to shuffle things around & entend the debt deadline to Aug. 2nd. The deadline was supposed to be this month but they 'found' extra money to change it to Aug. 2nd. Guessing that the Administration wanted to tie extension of the debt ceiling together with negotiations over the 2012 federal budget. In July Congress will probably pass a temporary patch for the debt ceiling so they can drag the whole business out thru the fall. Rolling Eyes

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Re: Geithner Issues Warning on Debt Ceiling

Post by requete' on Sun May 15, 2011 1:47 pm

More "kicking the can down the road". Sooner or later that "can" is going to look mighty bad!
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