Geithner Confident in Debt Limit Increase

Treasury Secretary Timothy Geithner “says Republican leaders have privately assured the Obama administration that Congress will raise the government’s borrowing limit in time to prevent an unprecedented default on the nation’s debt,” the AP reports.

But a top Republican quickly pushed back Sunday and said there was no guarantee the GOP would agree to increase the $14.3 trillion debt ceiling without further controls on federal spending.

Geithner told ABC’s “This Week” and NBC’s “Meet the Press” that Republicans told President Barack Obama in a White House meeting last Wednesday that they will go along with a higher limit.

“I want to make it perfectly clear that Congress will raise the debt ceiling,” Geithner said in the interviews taped Saturday and aired Sunday.

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Filed under Debt Ceiling, Sunday Shows, Treasury

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