This summer we all get to enjoy the political theatrics of the giant game of chicken that
Congress is going to play with the debt ceiling.
By the beginning of August, the United States will run out of accounting options to avoid
defaulting on some of its $14.3 trillion sovereign debt.
Since reaching the debt ceiling on 5/16/11 the Treasury Department has taken several steps to
avoid defaulting - including suspending payments into two public employee pension plans.
Source: Treasury Department
Posts
No comments:
Post a Comment