All Posts Tagged With: "treasury officials"
It looks like Congress will not be able to come up with a debt ceiling plan before the August 2 deadline. The federal government would run out of money to pay its obligations and now people are asking who gets paid and will be cut off on August 3. There’s a long list of bills [...]
United States President Barack Obama and key legislators have failed to reach an agreement with regards to the nation’s debt. If the U. S. fails to raise the debt limit, the nation could default on its loans. This could lead to an economic meltdown. Its Treasury officials have been issuing warnings that if it defaults [...]