Treasury Secretary Timothy Geithner warned in a letter to Congress that failure to raise the $14.294 trillion debt ceiling would drive up interest rates, push down household wealth, put more pressure on federal entitlement programs and cause a double-dip recession.
Geithner Issues Warning On Debt Ceiling
WSJ.com: What's News US, Wall Street Journal
Sat, 05/14/2011 - 8:25am
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