Geithner: We Shouldn't Have a Debt Limit, Eliminate It

Geithner: We Shouldn't Have a Debt Limit, Eliminate It

The United States is scheduled to hit the debt ceiling again as early as December, setting up a showdown between House Republicans and the White House about not only raising the debt ceiling, but by how much. Last summer Congress and the White House faced the same issue and gave it a temporary resolution by slapping a bandaid on it. Now, Treasury Secretary Tim Geithner is already weighing in on this round of debt limit talks, saying the United States should eliminate the debt ceiling altogether.

On Bloomberg TV, “Political Capital” host Al Hunt asked Geithner if...