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Geithner Says U.S. Using ‘Extraordinary Measures’ on Debt

U.S. Treasury Secretary Timothy F. Geithner reiterated that Congress should move “as quickly as possible” to raise the federal debt limit.

“Because Congress has not yet acted, we have now set in motion a series of extraordinary measures that will give Congress some additional time to raise the debt limit,” Geithner said in a statement today on the release of Social Security and Medicare Trustee reports. “I want to again encourage Congress to move as quickly as possible.”