Page 29 - Debt Payment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Recess. >> bret: let's get perspective on the talks. analyst brit hume is here tonight. hi, brit. >> hi, bret. s at obama enters negotiation over the borrowing authority, the debt ceiling things need to be understood. the first is there is almost no chance that the government will default on the debt payment, even if the debt creeling is never raised. that is because revenues will continue to flow in the treasury from income tax withholding, which will be more than enough to cover the debt payments. the only way a default could occur is if the treasury department inexplicably chose not to make...

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Federal reserve stepped up and said we're basically going to be the buyer of last resort for some of these products. so there's nobody out there that's doing this. there's no vultures circling some of the carcasses of these debts. >> look, they've gotta make $116 billion debt payment i think it is by may 17th or 19th. i don't recall offhand which it is. assuming that they come up with the cash to do that, how much of a short-term fix is that? >> well, it's very difficult. i mean, you keep in mind, 80% of greek debt is being held by basically the banks and financial institutions outside the nat...