Tim Geithner: It Would Be Catastrophic If People Start To Doubt Whether The U.S. Can Pay Its Obligations

"...Geithner: "If you allow people to start to doubt whether the U.S. can pay its obligations - that would be catastrophic. And the leadership understands that."
Jamie Dimon also said recently that the results would be "catastrophic."
Dimon told the Chamber of Commerce, "If anyone wants to [cap the debt ceiling], which I think would be catastrophic and unpredictable, I think they're crazy."..."

at http://www.businessinsider.com/tim-geithner-debt-limit-2011-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1JoGkjAUW