Bernanke, Geithner, Dudley Meet; ‘Confident’ on Debt Limit

Treasury Secretary Timothy F. Geithner met today with Federal Reserve Chairman Ben S. Bernanke and Federal Reserve Bank of New York President William C. Dudley to discuss the implications of a failure of Congress to raise the debt limit.

“While we remain confident that Congress will raise the debt ceiling soon, officials from the Treasury, Federal Reserve Board and the New York Fed met today to discuss the implications for the U.S. economy if Congress fails to act,” according to a joint statement released by the Treasury Department. No further details were disclosed.