For WeekBrightbridge Wealth Management Headlines: U.S. May Have Way to Cover Bills After Deadline, for Week - kamurice
posted by maxaaron12 205 days ago under brightbridge wealth management, brightbridge wealth management zurich, brightbridge wealth management headlines-u-s-may, for week
Thanks to an inflow of tax payments and maneuvering by the Treasury Department, the government can probably continue to pay all of its bills for several days after Aug. 2, providing potentially critical breathing room for Congress to raise the debt ceiling, according to estimates by several Wall Street banks and a Washington research organization.
The consensus is that the government will not run short of money until Aug. 10, when it would be unable to cut millions of Social Security checks without borrowing more money. President Obama has described Aug. 2 as a “hard deadline” for Congress to increase the maximum amount that the government is allowed to borrow. « previous next » |
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