Archive for December 31st, 2012

Unprecedebted Sellout?


Monday December 31st, 2012   •   Posted by K. Lloyd Billingsley at 7:30am PST   •   10 Comments

On December 26, one day after Christmas, Treasury Secretary Timothy Geithner broke a blockbuster story. On New Year’s Eve, December 31, 2012, the United States will reach its $16.4 trillion borrowing limit and will have to undertake “extraordinary measures” to avoid default. The debt ceiling had been troubling Steven Mufson of the Washington Post...
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