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
  • Results could become catastrophic if government becomes unable to pay all of its bills

What is the implication on debt ceiling for US dollar? I think it's likely they’ll cobble something together to kick the can down the road, but we should still expect some nervousness as the days tick on without a solution
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –