盖特纳说了，不会default# Stock
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Treasury Secretary Tim Geithner told CNBC Monday that he is certain that con
gressional leaders will strike a deal to raise the federal debt ceiling prio
r to the Aug. 2 deadline to avoid default.
“Each side has said definitively that default is not an option,” he said,
“They’re not going to play around with this.”
“If the United States of America were to default it would be catastrophic f
or the American economy, for the American financial system, for the average
American people, it would be a substantial unfair tax on all Americans and i
t would bring the world economy … to the edge of recession again,” he said
. “There’s no alternative for Congress raising the debt limit and that’s
why you’re seeing Republicans as well recognize that reality and take defau
lt off the table.”
He added that while it’s encouraging that congressional leaders are moving
toward a debt agreement before the deadline, “of course it’s not enough.”
Geithner said the Obama administration and congressional leaders need to wor
k toward addressing long-term deficits, while at the same time ensuring that
Medicare and Social Security continue to be funded.
“We’re still working very hard and the president as he said last week that
he wants us to work toward the biggest, the largest budget agreement we can
,” he said.
gressional leaders will strike a deal to raise the federal debt ceiling prio
r to the Aug. 2 deadline to avoid default.
“Each side has said definitively that default is not an option,” he said,
“They’re not going to play around with this.”
“If the United States of America were to default it would be catastrophic f
or the American economy, for the American financial system, for the average
American people, it would be a substantial unfair tax on all Americans and i
t would bring the world economy … to the edge of recession again,” he said
. “There’s no alternative for Congress raising the debt limit and that’s
why you’re seeing Republicans as well recognize that reality and take defau
lt off the table.”
He added that while it’s encouraging that congressional leaders are moving
toward a debt agreement before the deadline, “of course it’s not enough.”
Geithner said the Obama administration and congressional leaders need to wor
k toward addressing long-term deficits, while at the same time ensuring that
Medicare and Social Security continue to be funded.
“We’re still working very hard and the president as he said last week that
he wants us to work toward the biggest, the largest budget agreement we can
,” he said.
