Dems, GOP jockey over debt ceiling - Jonathan Allen and Jake Sherman - POLITICO.com: "House Republicans might want to duck: They’re about to run smack into the debt ceiling.
A spending-obsessed new Republican majority received a dire warning from Treasury Secretary Timothy Geithner, who sent Congress a letter Thursday outlining the doomsday scenario that would ensue if lawmakers fail to raise the debt limit and the nation defaults on its credit obligations."
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