Treasury Secretary Timothy F. Geithner warned lawmakers Thursday that
the national debt could hit the legal limit on borrowing as soon as
March 31, and he urged quick action to avoid a government default that
would spark "catastrophic economic consequences that would last for
decades."
1 Comments in Response to Raise debt limit to avoid national catastrophe, Geithner warns Congress
http://www.reuters.com/article/idUSTRE70606E20110107