With just one month left until the Treasury “X-date”, or the moment when it would run out of cash without a debt-ceiling resolution…
… the time has come for dire, apocalyptic threats to spook Congress into action and specifically reaching a compromise on a debt ceiling resolution, and S&P – which infamously downgraded the US in 2011 during the last debt ceiling fiasco – is happy to be the source of bad news.
This post was published at Zero Hedge on Aug 30, 2017.
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