Deja Vu, But No Disaster: U.S. Government Hits Debt Ceiling |
| May 17, 2011 | May 2011 Bond Updates |
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The United States government is estimated to have hit its debt ceiling of $14.294 trillion today, as Congress continues a stand-off over whether or not to raise the debt limit in advance of the August 2nd deadline. Treasury Secretary Timothy Geithner recently extended the deadline by enacting a policy to stop payments into government pension plans, among other things, until the debt ceiling is raised. |
| View more at: http://blogs.forbes.com/chrisbarth/2011/05/16/deja-vu-but-no-distress-u-s-government-hits-debt-ceiling/ |
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