Geithner issues new warning on debt limit - News, Weather, Sports, Toledo, OH

Geithner issues new warning on debt limit

WASHINGTON (AP) - Treasury Secretary Timothy Geithner is telling lawmakers that the country is only weeks away from reaching the limit on the amount of money the government can borrow.

Geithner tells congressional leaders in a letter that the country will reach the current debt limit of $14.3 trillion no later than May 16. He says he has a few options that would delay a government default on its debt. But he warns that the most time he could buy is another eight weeks, or until around July 8.

Geithner says that the longer Congress delayed raising the debt limit, the greater the risk that investors around the world will lose confidence in America's ability to meet its obligations.

Copyright 2011 The Associated Press. All rights reserved.

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • BREAKING

    Lucas Co. Health Department confirms case of Hepatitis A at Dave & Buster's

    Lucas Co. Health Department confirms case of Hepatitis A at Dave & Buster's

    Thursday, April 19 2018 7:04 PM EDT2018-04-19 23:04:38 GMT
    (Source: WTOL)(Source: WTOL)

    A confirmed case of Hepatitis A has been diagnosed to a food handler who works at at Dave and Buster's near the Franklin Park Mall. The Toledo-Lucas County Health Department warns that anyone who consumed any food or drink from the restaurant between March 1 through March 29 has been exposed to the virus and should get tested.  Dave and Busters has set up a phone line for people with questions or concerns at  is 844-344-94-44. Follow WTOL:   Download our app he...

    More >>

    A confirmed case of Hepatitis A has been diagnosed to a food handler who works at at Dave and Buster's near the Franklin Park Mall. The Toledo-Lucas County Health Department warns that anyone who consumed any food or drink from the restaurant between March 1 through March 29 has been exposed to the virus and should get tested.  Dave and Busters has set up a phone line for people with questions or concerns at  is 844-344-94-44. Follow WTOL:   Download our app he...

    More >>
  • City officials investigate racial slur incident

    City officials investigate racial slur incident

    Thursday, April 19 2018 6:53 PM EDT2018-04-19 22:53:11 GMT
    (Source: WTOL)(Source: WTOL)
    (Source: WTOL)(Source: WTOL)
    A racial slur and a swastika drawn on a notepad was found in a city vehicle earlier this week.  The vehicle was used by the Division of Water. As of Thursday evening the Office of Diversity and Inclusion is investigating who could have left the note in the car. A water service repairman from the division said he believes there is a race issue with the management in the department. Councilwoman Yvonne Harper found out about the incident Wednesday night and said she's...More >>
    A racial slur and a swastika drawn on a notepad was found in a city vehicle earlier this week.  The vehicle was used by the Division of Water. As of Thursday evening the Office of Diversity and Inclusion is investigating who could have left the note in the car. A water service repairman from the division said he believes there is a race issue with the management in the department. Councilwoman Yvonne Harper found out about the incident Wednesday night and said she's...More >>
  • Local businesses celebrate 419 with tons of offers

    Local businesses celebrate 419 with tons of offers

    Thursday, April 19 2018 6:28 PM EDT2018-04-19 22:28:14 GMT
    (Source: WTOL)(Source: WTOL)

    Celebrate your love for the 419 on Adams Street with a scavenger hunt, live music, food and drink specials, a mini Maker's Mart, shop specials, and more! Here is what's happening on the street: Wesley's Bar is offering $4 beers brewed in the 419 along with $5 Toledo Spirits Cocktails. Not to mention it's Happy Hour All Day! Georgjz419 Fun Food & Spirits is offering $5 Long Islands , $2 Miller Lt  and $5 off specialty pizzas. For entertainment the...

    More >>

    Celebrate your love for the 419 on Adams Street with a scavenger hunt, live music, food and drink specials, a mini Maker's Mart, shop specials, and more! Here is what's happening on the street: Wesley's Bar is offering $4 beers brewed in the 419 along with $5 Toledo Spirits Cocktails. Not to mention it's Happy Hour All Day! Georgjz419 Fun Food & Spirits is offering $5 Long Islands , $2 Miller Lt  and $5 off specialty pizzas. For entertainment the...

    More >>
Powered by Frankly