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