Geithner: failure to increase U.S. debt ceiling would be catastrophic
L Kumar – AHN News Correspondent Washington, DC, United States (AHN) – Treasury Secretary Timothy Geithner, speaking on Tuesday warned Congress that it would be catastrophic if the national debt ceiling isn’t raised. “The consequences of that would be catastrophic to the United States,” Geithner said appearing before the Financial Services and General Government Subcommittee [...]