U.S. does not expect August 2 debt deadline to change (Reuters) – 1549th Edition

18 05 2011

Treasury Secretary Timothy Geithner speaks at a briefing on the Social Security and Medicare Trustee reports released at the Treasury Department in Washington, May 13, 2011. REUTERS/Jason ReedReuters – The Obama administration does not expect the August 2 deadline for raising the debt ceiling to shift and is not forming a “Plan B” if Congress fails to approve that hike, senior officials said on Wednesday.

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