U.S. could run out of money by mid-February, Geithner says

01/15/2013 | Bloomberg

"Extraordinary measures" used by the U.S. government to pay bills while waiting to have the debt limit raised will work only until sometime between mid-February and early March, Treasury Secretary Timothy Geithner said in a letter to House Speaker John Boehner, R-Ohio. "Congress should act as early as possible to extend normal borrowing authority in order to avoid the risk of default and any interruption in payments," he wrote.

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