The Treasury Department estimates that the nation will hit the ceiling by May 16 and that emergency measures can delay a default until early July. Treasury Secretary Timothy Geithner reiterated Sunday on ABC’s “This Week” that “the risk would be catastrophic” and that he was confident that Congress would vote to raise the debt ceiling.
The Rev. Jesse Jackson appears at the Metropolitan African Methodist Episcopal Church on M Street Northwest for a pre-rally before a march to the White House to protest what is seen as President Barack Obama's lack of action in addressing a variety of problems in black communities.
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