How Jerome Powell Stopped A Us Default -- In 2011

CNN.com - RSS Channel - Politics, CNN: Politics
Fri, 07/19/2019 - 5:00am

In May of 2011, then-Treasury Secretary Tim Geithner issued a stark warning letter to Congress: the US government had hit the debt limit and would no longer be able to pay its bills past August 2. That gave Congress exactly 11 weeks before America's wallet would be empty.

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Topics:  secretary tim geithner   august   america   congress   
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