Testifying on Capitol Hill, Geithner says the Congressional Budget Office will likely raise its deficit projections after evaluating the White House’s budget proposals.
Wait, didn’t they tell us Obama’s budget would save $1.1 trln over 10 years?
Was that a fib? An exaggeration? A HAG?
EUR/US extended its its range to 1.3615, stalling just shy of a resistance line drawn off the 1.3860 and 1.3735 highs. Not a bad place to book a few profits in case the trendline holds…
