Geithner Sees a ‘Lot of Progress’ on Spending, Debt Talks
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U.S. Treasury Secretary Timothy F. Geithner said today he sees “a lot of progress” in bipartisan spending and deficit talks that have been taking place in Washington.
Geithner, speaking at an event in Washington, said that the government’s Aug. 2 limit for borrowing is “imposed by reality” unless there is Congressional action to raise the debt ceiling.