WASHINGTON
– Today, Mary Miller, Assistant Secretary for Financial Markets at the U.S. Department
of the Treasury, issued the following statement reaffirming the projected date
on which the United States will exhaust borrowing authority under the statutory
debt limit.
“The
Treasury Department continues to project that the United States will exhaust
its borrowing authority under the debt limit on August 2, 2011. Secretary
Geithner urges Congress to avoid the catastrophic economic and market
consequences of a default crisis by raising the statutory debt limit in a
timely manner.”