The U.S. will hit the debt ceiling May 16, with Aug. 2 marking the ultimate deadline, and...

|By:, SA News Editor

The U.S. will hit the debt ceiling May 16, with Aug. 2 marking the ultimate deadline, and emergency measures to avoid a crisis begin this week, Geithner says in a letter to Congress: "Any attempt by either party to use the full faith and credit of the United States as a bargaining chip to advance partisan policy agendas would be irresponsible."