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Economy
Geithner Says U.S. To Reach Debt Limit No Later Than May 16
By Rebecca Christie and Phil Mattingly - Apr 5, 2011 6:34 AM GMT+0900
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Treasury Secretary
Timothy F. Geithner |
The U.S. will reach its $14.29 trillion legal debt limit no later than May 16 unless Congress acts before then, Treasury Secretary Timothy F. Geithner said today, and he warned of “severe hardship” for Americans if lawmakers fail to act.