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One of Brian’s Favorite Quotes

Our political institutions work remarkably well.  They are designed to clang against each other.  The noise is democracy at work.”
— Michael Novak

REPORT: TREASURY’S GEITHNER SAYS US TO HIT DEBT CEILING ON DEC 31

Treasury Secretary Tim Geithner says a U.S. will strech a orthodox debt limit on Dec 31, reports Bloomberg.

CNBC is stating that this was communicated in a minute to Senate Majority Leader Harry Reid.

Geithner writes that a Treasury will take special measures to make $200 billion of room underneath a limit, that should final dual months in “normal circumstances.”

More to come…


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