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Geithner says Congress must raise debt limit
"Congress has to do it. There's no alternative," he said in response to questions at a House of Representatives appropriations subcommittee.
He repeated a warning that it would be have "catastrophic" consequences for the economy if the debt ceiling was not raised and the country defaulted on its debt obligations.
articlesofinterest-kelley.blogspot.com/2011/03/catastrophic-consequences-for-economy.html