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JAN 09, 2013 - Zero Hedge

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Barring a Debt Ceiling Solution, the US Will Begin Defaulting on February 15 2013

  We’ve now have just a little over 30 days until US breaches its debt ceiling.   We would have already done so, except Treasury Secretary Tim Geithner borrowed some $200 billion from emergency funds to buy a few weeks’ time (announcing that he’d be leaving his post before the actual ceiling was breached).   The “solutions” to the debt ceiling discussions range from outright insane ($1 trillion coins) to just staggeringly irresponsible (just get rid of any oversight and grow the debt without restriction).   Let us consider the facts.   ... Read More

Tags: Barring a Debt Ceiling Solution, the US Will Begin Defaulting on February 15 2013,  Interest Rates Latest News