Larson: “Given what’s happening around the globe…what is your advice to the Congress in terms of acting given the deadlines that Treasury Secretary Geithner has outlined?” Simon Johnson, Professor of Entrepreneurship at MIT Sloan School of Management (and former chief economist at the IMF): “You cannot play games with something this serious. World financial markets are much more fragile than you’d like to believe…It’s absolutely essential that the United States remain a beacon of safety and clarity to international investors, otherwise there will be consequences for all of us around the world.” Mihir Desai, Professor of Law and Finance at Harvard University: “People may stop receiving their payments which is extremely problematic, but it can also become a broader manifestation of a system that appears broken to the rest of the world and that is where we run 1/2 Top Economists to Larson: 'It Is Essential We Act Now' on Debt Ceiling, Warnings Come as Moody's Anno into significant problems. I think it’s very important that this particular deadline is not ignored…It is essential that we act now.” Watch a video of the exchange: http://youtu.be/IqcgtLIOIN4 The United States will hit the debt-ceiling deadline on August 2 nd . ### 2/2
The project consists of the construction of approximately 27,000 linear feet of sanitary sewers, manholes and appurtenances; a pumping station and a force main. Treatment will be provided at the existing sewerage treatment plant of the West Elizabeth Sanitary Authority. The funding received through Congressman Murtha will help to reduce the monthly user charge to local residents. The total cost of the project is expected to be over $5,100,000. http://www.murtha.house.gov Powered by Joomla!