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Prioritizing debt payments won't work: Geithner

Daily newsbrief journal for June 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats
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Prioritizing debt payments won't work: Geithner

Postby admin » Wed Jun 29, 2011 10:53 am

Prioritizing debt payments won't work: Geithner
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner warned on Wednesday that "prioritizing" government payments to avoid a debt default would spur deep cuts in other disbursements and still cause investors to shun Treasury securities.
http://feeds.reuters.com/~r/Reuters/Pol ... 6820110629
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