Treasury Secretary Timothy Geithner

Fiscal Cliff Deadline Nears With No Deal in Sight

President Barack Obama returns from Hawaii Thursday to the increasingly familiar fiscal cliff deadline showdown in the nation's capital, with even a stopgap solution now in doubt.

U.S. Treasury to Take Steps to Avoid Borrowing Limit

Treasury Secretary Timothy Geithner said in a letter Wednesday to congressional leaders that the department will use accounting measures to save approximately $200 billion, which could keep the government from reaching the limit for about two months.