IPFS News Link • Economy - Economics USA
Congress will raise debt limit: Geithner
• ReutersCongressional Republicans have assured President Barack Obama that they would not hold the economy hostage over raising the debt ceiling, Treasury Secretary Timothy Geithner said on Sunday.
But Republicans appearing on television news shows insisted they would not support an increase of the $14.3 trillion borrowing limit without an accompanying deal to rein in future deficits.
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