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federal deficit, debt limit
(Image from article: "Obama blasts Boehner debt-ceiling bill, calls for bipartisan deal")

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Debt limit reached, US halts 2 pension investments

Treasury Secretary Timothy Geithner said Monday that he will immediately halt investments in two big government pension plans so the government can continue to borrow money....

 

Geithner Issues Warning on Debt Ceiling

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.

 

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