In the letter, Geithner writes that the ceiling will be hit on December 31, and even though the Treasury Department will be able to undertake "extraordinary measures" to make sure the U.S. won't experience the full effect of hitting the ceiling, there's an unspecified and unknown amount of time before a government shutdown...
Well ,the hits just keep coming..don't they? This is what happens when you vote for a living.
Treasury Secretary Timothy Geithner wrote a letter to Congress today that the federal government will once more hit the statutory debt ceiling on Monday, allowing an unspecified amount of time before the government will have to shut down crucial operations merely to service its debt.
- How to lose a war before it begins Noah Rothman 50 mins ago
- Putin: I could have troops in Kiev… Warsaw and Bucharest Jazz Shaw 2 hours ago
- NFL Week 3 open thread Ed Morrissey 3 hours ago
- Daniele Watts won’t apologize, but how about the media? Jazz Shaw 5 hours ago
- Sunday reflection: Matthew 20:1–16 Ed Morrissey 6 hours ago
- Unhappy anniversary: six years of Keystone obstruction Jazz Shaw 6 hours ago