US to reach debt limit by May 16: Treasury
“Default would cause a financial crisis potentially more severe than the crisis from which we are only now starting to recover,” Geithner said. He warned that…
Tim Geithner
Geithner ADMITS in testimony ‘taxpayer exposed to losses’ of financial crisis (Video)
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US debt passes $14 trillion, Congress weighs caps
AP Tom Raum Associated Press WASHINGTON – The United States just passed a dubious milestone: Government debt surged to an all-time high, more than $14…
Finance Leaders Call for IMF Role in Averting Protectionist `Currency War’
Sandrine Rastello and Iuri Dantas Bloomberg Global governments tasked the International Monetary Fund with calming the recent outbreak of tensions over currencies amid signs they…
Federal Reserve ‘Will Be Gone’ in 25 Years, Predicts Black Swan Author Taleb
Shahien Nasiripour Huffington Post A mere half-hour after Treasury Secretary Timothy Geithner praised the “necessary” and “very substantial” actions of the Bush and Obama administrations…
Deceptive Economic Statistics: While the economists lied the US economy died
Paul Craig Roberts Infowars On August 17, Bloomberg reported a US government release that industrial production rose twice as much as forecast, climbing 1 percent. Bloomberg…
China reduces US Treasury debt holdings in May
Martin Crutsinger Associated Press WASHINGTON (AP) — China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted…