Showing posts with label US debt ceiling. Show all posts
Showing posts with label US debt ceiling. Show all posts

Sunday, August 13, 2017

Bob Bryan — Congress has 12 working days to avoid an economic disaster — and there's good reason to panic

  • Congress has 12 working days to raise the nation's debt ceiling when it returns in September.
  • Failure ot raise the debt limit would cause severe economic and political consequences.
  • Negotiations have been sluggish, with one Democratic aide saying there are currently "no talks" ongoing.
Tidbit:
"With President Trump, debt ceiling options like the Platinum Coin and the 14th Amendment — while unlikely — are now at least a possibility," said Chris Kruger, an analyst at Cowen Washington Research Group wrote ina recent note to clients.
Business Insider
Congress has 12 working days to avoid an economic disaster — and there's good reason to panic
Bob Bryan