Debt Ceiling Deal |
| October 17, 2013 | October 2013 Bond Updates |
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The agreement to suspend the debt ceiling and fund the federal government will create a bipartisan committee with a target of December 13 for preparing a deficit reduction plan.
The deal sets the stage for future fights.
However, suspending the debt ceiling will give the Treasury the opportunity to reload its ability to use extraordinary measures to postpone the next time the debt ceiling needs to be raised, which will likely be in June or July. |
| View more at: http://www.forbes.com/sites/brianjacobsen/2013/10/17/debt-ceiling-deal/ |
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