You are browsing the archive for Timothy Geithner.

S&P downgrades US credit rating

August 6, 2011 in Grand Forks Herald

Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation’s sterling credit rating, an expected but unsettling move that further clouds prospects for the recovery of the fragile U.S. economy. Continue Reading

Geithner confident Congress will raise debt limit

April 17, 2011 in Grand Forks Herald

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. Continue Reading