Lawmakers in Washington locked in a stalemate over how to raise the nation’s $14.29 trillion debt limit may have a bit more time to avoid an unprecedented default than previously believed.
Thanks to a surprisingly strong influx of tax revenue during the second half of July, the U.S. may not actually run out of cash until August 10 -- eight days after the infamous August 2 deadline the Treasury Department laid out, a new research note from Barclays (BCS:
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2 comments:
"You see, I told you raising taxes would get us out of this mess!" -Obama
This would be the fourth time Geitner stated we had a crsis and drop dead date only for the date to come and go without much fanfare.
Funny how the main streat media has a countdown clock that counts to the second when the country goes broke.
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