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02:25 AM
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Subject
Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline
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[quote:Dalek Uno 80691743:MV80ODY1NzYzXzg4ODU5OTk3X0NBRDFERUQ2] [quote:Anonymous Coward 73946650:MV80ODY1NzYzXzg4ODU5OTE5X0U1QjA3OUQ5] [quote:Anonymous Coward 62887824:MV80ODY1NzYzXzg4ODU3ODgzXzM1QkEzNjhB] most of the people aren't aware that since Dollar is the World's Reserve Currency, that all the Global countries are doing business in this currency so when the Dollar goes tits up and USA goes bankrupted, that will drag the entire World into the same shit pithole the Great Depression of 1930s will be child's play compared to what's to come and since Russia and China are smart countries, are ditching Dollar in record time and buying more precious metals ultimately, when they do ditch it, you can expect WW3, but started from USA and not the rest of countries, for the above exact said reasons [/quote] BS. Most countries have or getting ready to ditch the worthless dollar. USA is fukd [/quote] only chance they have is to crash the Euro so money starts flooding back into the dollar [/quote]
Original Message
The Treasury Department will begin conducting emergency cash-conservation steps on Monday to avoid busting the federal borrowing limit after a two-year suspension of the debt ceiling expired at the end of July.
Economists say those so-called extraordinary measures will allow Treasury to pay off the government’s bills without floating new debt for two to three months. After that, Congress will need to either raise or suspend the borrowing limit or risk the U.S. defaulting on its obligations.
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link to www.cnbc.com (secure)
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