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Geithner Predicts ‘Political Theater’ Before Debt-Limit Vote

U.S. Treasury Secretary Timothy F. Geithner said Congress will raise the $14.3 trillion federal debt limit even after weeks of political posturing.

“You’re going to see a lot of political theater around this in the next couple of weeks,” Geithner said during a forum today at Dartmouth College in Hanover, New Hampshire. “There will be six episodes of failure before people do the right thing.”