U.S. to Take ‘Extraordinary’ Steps as It Nears Debt Ceiling – Real Time Economics – WSJ

The U.S. this week will start taking “extraordinary” steps to extend the federal government’s authority to borrow funds as it nears the national debt ceiling, Treasury Secretary Timothy Geithner said Monday.

Geithner early last month told lawmakers that the U.S. would hit the debt ceiling by May 16 and could default as soon as July 8.

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via U.S. to Take ‘Extraordinary’ Steps as It Nears Debt Ceiling – Real Time Economics – WSJ.

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