Treasury Warns U.S. Will Hit Debt Limit In 5 Days
Well, somebody was working today. Treasury Secretary Timothy Geithner sent a letter to Senate Majority Leader Reid (D-NV) advising that the U.S. will hit its debt limit on December 31, 2012. As a result, the Treasury is recommending “extraordinary measures” which could include: suspending sales of State and Local Government Series Treasury securities; determining that…
