Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

US to reach debt limit by May 16: Treasury

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AFP
April 5, 2011

WASHINGTON — The United States is likely to hit its $14.29 trillion debt limit sooner than thought, the Treasury Department said Monday, pressuring lawmakers to raise the ceiling or face a possible government default.

“The Treasury Department now projects that the debt limit will be reached no later than May 16, 2011,” the Treasury said.

The department previously estimated it would hit the ceiling by May 31.

If it is not raised, the United States would only have weeks before it runs out of cash to pay its bills, according to government estimates.

“Increasing the limit is necessary to allow the United States to meet obligations that have been previously authorized and appropriated by Congress,” Secretary Timothy Geithner said in a letter to lawmakers.

Full article here

Stock up with Fresh Food that lasts with eFoodsDirect (AD)

US to reach debt limit by May 16: Treasury  260310banner2

This article was posted: Tuesday, April 5, 2011 at 5:23 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About U.S. Air Strikes on Syria With Syrian Girl See the rest on the Alex Jones YouTube channel.

Mysterious Georgia Guidestones Get Strange '2014' Update See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.