percent perhaps a little bit of relief for u.s. treasury. timothy geithner has extended the deadline. the new deadline will be august 2nd. that should give the white house and congress more time to put together a package but geithner is still warning that new delays and increasing the debt ceiling could have america s fledging recovery. he says he s taking what he describes as extraordinary measures to head off a potential government default. indeed there would be a risk of america defaulting on its debts if washington produces a stalemate. that would be because the u.s. would be unable to borrow beyond its limit of $14.3 trillion. they re set to hit nearly $1.5 trillion this year. secretary geithner warns of a
state. they say they were performing their medical duty to help anyone in need. the first trip included a trip to a washington area farm. charles is a long-time advocate to agriculture. he met with three of the country s top judges. those are the headlines. i m zain verjee at cnn london. world business today starts now. hello and good morning. from cnn london i m nina dos santos. and good morning from cnn hong kong. i m andrew stevens. welcome to world business today. our top stories on this wednesday, may 4th, gold and silver slide on reports that big name investors are hitting the sell button. we re going to be speaking