Tuesday, May 3, 2011

Geithner extends debt limit deadline with "extraordinary measures," but warns Congress not to delay vote

Treasury Secretary Timothy Geithner on Monday extended the deadline for raising the national debt limit to August 2 - but said the federal government had begun taking "extraordinary measures" to reach that date without exceeding the limit, and warned Congress against delaying action on a vote.

http://www.cbsnews.com/8301-503544_162-20059268-503544.html