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Pre-Market Primer: While Still Waiting for a Deal From Congress, Jobless Claims Slide
MINYANVILLE ORIGINAL  Stocks may rise this morning as the Treasury takes extraordinary measures to avoid hitting the debt ceiling. Treasury Secretary Timothy Geithner wrote a letter informing congressional leaders that the United States will hit its statutory debt limit on December 31. He said that his department is taking "extraordinary measures" to finance the country into the earlier part of next year. Geithner says that the Treasury can only come up with $200 billion enough to meet the country's obligations for two months at most. Raising the debt ceiling (mainly for the purpose of borrowing to pay off maturing ...
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