Geithner says U.S. could hit debt limit by March 31

[TomClash]

Source: Reuters

(Reuters) - The United States could hit the legal limit on its ability to borrow as soon as March 31 and faces serious consequences unless Congress acts by then to raise it, Treasury Secretary Timothy Geithner said on Thursday.

"Even a short-term or limited default would have catastrophic economic consequences that would last for decades," Geithner said in a letter to U.S. Senate Majority leader Harry Reid that was issued by Treasury.

Read more: http://www.reuters.com/article/idUSTRE7053C520110106

[Autumn]

1. Thanks for your help Geithner.

you've done a heck of a job.

[Lucky Luciano]

2. Watch the debt ceiling discussions forthcoming. Boehner is going to make it a politicalfootball.

Should roil the markets a bit.

[eringer]

6. Boehner will have to send his staff home if debt ceiling not extended

And his GOPea Supreme Court buddies wont be able to help him rape and pillage this country sitting at home. These are both damn good reasons why it will not be a political football -- YET. There is too much evil work to be done first.

[Lucky Luciano]

7. Already a football. Boehner is already saying no increase in ceiling

Until huge spending cuts are in place.

[Demeter]

3. This will be the event of the year

Geithner and the Banksters take on the Tea Party!

Place your bets now. I'm going for the Tea Party. I know it's a long shot, but they got some real crazy animals on their team, and a lot more popular support...

[No Elephants]

4. Republicons vs. Republicons. Do I care who wins?

[Demeter]

5. Some people watch football, basketball, hockey

I watch political power struggles.

[ozone_man]

8. Maybe if Tea Party wins the FED will be no more?

:woohoo: