The odds on the US government facing its first ever, potentially devastating default, which we noted last week, have﻿ just increased. It has been announced that voting for the new House Speaker will now take place on October 29, a day before the outgoing S﻿peaker, John Boehner, is due to resign. This is also a week before the US government is due to run out of money if lawmakers do not increase the limit on federal borrowing. I want to clean the barn up a little bit before the next person gets there." If you are in any way connected with the debt ceiling debate, please contact your representatives and urge them to vote against raising it.
The odds on the US government facing its first ever, potentially devastating default, which we noted last week, have﻿ just increased. It has been announced that voting for the new House Speaker will now take place on October 29, a day before the outgoing S﻿peaker, John Boehner, is due to resign. This is also a week before the US government is due to run out of money if lawmakers do not increase the limit on federal borrowing. If you are in any way connected with the debt ceiling debate, please contact your representatives and urge them to vote against raising it.