In at least three letters to Congress since January, Treasury Secretary Tim Geithner has warned about the consequences if the United States were to default. Yesterday on “Meet the Press,” he aired those consequences to a wider audience. There was no panic in his voice that would spook the markets. But there was a sense of urgency in his tone and demeanor when moderator David Gregory asked for specifics on what would happen if the nation’s debt limit isn’t raised by Aug. 2.His answer made that much more urgent given House Speaker John Boehner...
Source: http://www.realclearpolitics.com/2011/07/12/geithner039s_forceful_warning_259097.html
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