Tag Archives: taking accounting mesures

Treasury to act to delay debt limit

Now wait a minute here, if Geithner can do this so we don’t reach the ceiling limit, why couldn’t it have been done before? The US Treasury is to begin taking extraordinary measures to delay reaching a 31 December borrowing limit. Treasury Secretary Timothy Geithner said it would take accounting measures to save about $200bn to prevent reaching the $16.4tn borrowing limit.

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