Dukascopy Community
Filtrato dai tags:  Jack Lew
Avatar

US may vote on debt limit bill on Friday

Following on from US treasury sec, Jack Lew's warning earlier, a vote could come as early as Friday. Jack Lew said that the administrations latest estimates is that the US will exhaust borrowing capacity no later than October 17.
  • US will only have about $30bn in cash at hand when capacity reached
  • Net expenditures on certain days can be as high as $60bn
  • Any plans to prioritise government payments over others is simply default by any other name
Read full story
Translate to Inglese Show original
CriticalSection avatar

Spot on assessment Anna T. More can kicking is assured as are initial market tensions prior to application of the latest 'bandaid' :) Times are certainly peculiar when your favourite smartphone manufacturer holds more liquid fiat than the federal purse.

mag avatar
mag 26 Set

close office.

oper inserire commenti
Get me back to Dukascopy Connect