Geithner threatens to hold breath, lie down, pound on floor if pols don’t borrow more

posted by
June 2, 2011
Seattle Times    
Posted in News

"Treasury Secretary Timothy Geithner made an appeal Thursday to House Republican freshmen, a group of lawmakers skeptical of his warning that a failure by Congress to raise the nation's [sic] borrowing limit would have grim financial and economic consequences. Geithner came armed with fresh evidence of Wall Street's increasing pessimism over prospects for a quick resolution to the standoff over government debt. Moody's Investors Service, the debt-rating agency, said it would consider downgrading the U.S. credit rating if it did not see progress in negotiations by mid-July." (06/02/11)

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