Geithner Says Framework of Debt-Limit Deal Needed Today
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U.S. Treasury Secretary Timothy F. Geithner said he hopes lawmakers can agree on the framework of a debt-limit agreement today because the House of Representatives must start deliberations tomorrow to meet the Aug. 2 deadline.
“They need to get this process moving in the House by Monday night,” Geithner said today on ABC’s “This Week” program. “To achieve that deadline, they need to have a framework that they know with complete confidence will pass both houses of Congress that is acceptable to the president. That should happen today.” When asked if he thinks a deal will be reached today, Geithner said, “I hope so.”