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