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Geithner: Debt Limit Process Must Start Tomorrow
U.S. Treasury Secretary Timothy F. Geithner said the House of Representatives must start deliberations tomorrow to meet the debt limit deadline and a short-term deal won’t pass the Senate. “For us to get this done by Aug. 2, which is critical, and that’s the deadline all the leaders accept, they need to start this process in the House Monday night,” Geithner said today on CNN’s “State of the Union” program. “To start in the House Monday night, they need to know what other leaders of Congress can accept, what the president can accept, and that’s why it’s so important, and that’s why the speaker ... (full story)
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