Free Republic 4th Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $37,854
46%  
Woo hoo!! And now only $216 to reach 47%!! Thank you all very much!! God bless.

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  • Default 'Off the Table,' Debt Deal Will Be Struck: Geithner

    07/18/2011 8:12:27 AM PDT · by EBH · 99 replies
    Treasury Secretary Tim Geithner told CNBC Monday that he is certain that congressional leaders will strike a deal to raise the federal debt ceiling prior to the Aug. 2 deadline to avoid default. "Each side has said definitively that default is not an option," he said, "They're not going to play around with this." "If the United States of America were to default it would be catastrophic for the American economy, for the American financial system, for the average American people, it would be a substantial unfair tax on all Americans and it would bring the world economy ... to...