Geithner Urges Congress to Act Fast on Debt Limit

Jan. 14 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner said so-called extraordinary measures the Obama administration is taking to avoid breaching the federal debt ceiling would work only until mid-February to early March and warned that a failure by Congress to raise the limit could “impose severe economic hardship” on the country. Peter Cook reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)
China Said to Sell U.S. Treasuries This Month
00:09 - Bloomberg has learned that China has indeed been reducing its hoard of U.S. Treasuries, confirming intense speculation in the market. Bloomberg's David Ingles reports on "First Up." (Source: Bloomberg)
  • China's Filmmakers Get Hollywood Branding
  • Abenomics Starting to Look Like a Failure
  • Olam CEO: Mitsubishi Deal Will Create Opportunities