Debt Ceiling: Deadline To Default? |
| October 16, 2013 | October 2013 Bond Updates |
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On Thursday, the Treasury estimates that it will have approximately $30 billion in its account with the Federal Reserve (Fed), and it will need to pay bills from its cash on hand.
I think the chance of a default is pretty close to zero.
Unless it gets rid of the debt limit, any deal that is crafted will set us up to see a repeat of this crisis at whatever the next deadline is. |
| View more at: http://www.forbes.com/sites/brianjacobsen/2013/10/15/debt-ceiling-deadline-to-default/ |
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