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Remember the Debt Ceiling Crisis? It Might Happen All Over Again.
The Treasury Department on Wednesday pressed Congress to ramp up efforts to boost or suspend the federal debt limit, warning that the department is uncertain whether it could prevent the federal government from running out of cash.
The Treasury Department on Wednesday pressed Congress to ramp up efforts to boost or suspend the federal debt limit, warning that the department is uncertain whether it could prevent the federal government from running out of cash.
“If Congress has not acted by July 31, Treasury, as it has in the past, may take certain extraordinary measures to continue to finance the government on a temporary basis,” Brian Smith, Treasury’s deputy assistant secretary for federal finance, said. “In light of the substantial Covid-related uncertainty about receipts and outlays in the coming months, it is very difficult to predict how long extraordinary measures might last.”
4/19/2021 12:57:35 PM GMT
What s it gonna be boy, inflation or deflation?
Gold & Silver move higher once again.
Good day… And a Marvelous Monday to you… Not a great weekend for St. Louis sports teams. The Cardinals lost 2 of 3 to the Phillies, and the Blues blew a 2 goal lead to lose Saturday night. The Blues are now out of the playoffs, but 13 games remain, so they need to lace up the skates, and get to work! The weather here turned chilly, and I received a freeze warning for Tuesday night here… Crazy April weather! Back in the day… I was appointed by the football coach to go with a couple of my teammates and attend a banquet and accept our trophy for winning the PHL football Championship the previous fall… It was April and it snowed a few inches, that night, making the drive home a little treacherous given I was driving my dad’s station wagon that night! Just a prelude for what I would experience living in Des Moines, Iowa a few winters later! Blind Faith greets me