The Senate and Congress reached an agreement to end the partial government shutdown and also to raise the debt ceiling. The government is therefore fully funded until 15 January 2014, with the debt ceiling being reached on 7 February 2014. However, the “extraordinary tools” of the FED might be able to stretch its ability to pay bills until mid-April 2014, when new tax revenues are expected. This means that we, hopefully, do NOT have a rerun of the recent games of brinkmanship.
Saturday 19, October 2013 by Gerhard Schubert