UPDATE: BOEHNER, CANTOR, MCCARTHY SAID TO VOTE YES FOR SENATE DEAL BILL!!! | |
recollector User ID: 26964049 United Kingdom 10/16/2013 07:24 AM Report Abusive Post Report Copyright Violation | |
recollector User ID: 26964049 United Kingdom 10/16/2013 07:24 AM Report Abusive Post Report Copyright Violation | To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. Quoting: Luisport $30 billion? How many days or weeks will a $30 billion buy, before the SHTF? About 8 days. Starting Oct.25th, the Treasury cannot pay all obligations.Starting Nov.1, most obligations cannot be paid. Last Edited by Recollector on 10/16/2013 07:26 AM |
Limpan User ID: 1474973 Sweden 10/16/2013 07:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 46881901 Netherlands 10/16/2013 07:29 AM Report Abusive Post Report Copyright Violation | Business Insider ‏@businessinsider 1 min Quoting: Luisport A deal to raise the debt ceiling and reopen the government is 'back on track' and 'very close' [link to read.bi] |
Limpan User ID: 1474973 Sweden 10/16/2013 07:33 AM Report Abusive Post Report Copyright Violation | Even if Congress reaches a last-minute or deadline-busting deal to avert a federal default and fully reopen the government, elected officials are likely to return to their grinding brand of brinkmanship — perhaps repeatedly. House-Senate talks are barely touching the underlying causes of debt-and-spending stalemates that pushed the country close to economic crises in 2011, last December and again this month. Late Tuesday, the GOP-controlled House dropped efforts to craft a bill to raise the debt limit and fully open the government. House members will wait for the Democratic-controlled Senate to act, which could push a final resolution past Thursday. That's when administration officials say federal borrowing powers will be tapped out. Still, many in Congress expect a resolution, even if it's a few days late. At best, however, lawmakers and the White House will agree to fund the government and raise the debt limit for only a few months. They also will call for yet another bipartisan effort to address the federal de [link to www.wlfi.com] |
recollector User ID: 26964049 United Kingdom 10/16/2013 07:47 AM Report Abusive Post Report Copyright Violation | In about 7 hours we will know if the House will have a vote or not. Quoting: recollector It will most likely have a vote, but we don't know how WH will react. The senate will send a bill to the congress, not the congress to the senate... And that is WHY they will vote...They can also have their OWN bill. Last Edited by Recollector on 10/16/2013 07:48 AM |
mimi User ID: 48061784 United States 10/16/2013 07:47 AM Report Abusive Post Report Copyright Violation | Even if we miss the October 17 debt ceiling, it won't be the end of the world. Many economists have repeatedly warned that any default would come at the end of the month at the earliest. To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying. This understanding may explain why the markets continue to be so calm. Read more: [link to www.businessinsider.com] You should have listened the yesterday press conference at WH. Why? What did I miss? |
recollector User ID: 26964049 United Kingdom 10/16/2013 07:49 AM Report Abusive Post Report Copyright Violation | Even if we miss the October 17 debt ceiling, it won't be the end of the world. Many economists have repeatedly warned that any default would come at the end of the month at the earliest. To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying. This understanding may explain why the markets continue to be so calm. Read more: [link to www.businessinsider.com] You should have listened the yesterday press conference at WH. Why? What did I miss? About 1 and a half hour of doom, the smallest one being the unknown, even if the debt ceiling is increased (the bond holders reaction is unknown), to plain Armageddon if the debt ceiling is voted after Oct.16th or not voted at all for like 3-4 weeks. Last Edited by Recollector on 10/16/2013 07:50 AM |
mimi User ID: 48061784 United States 10/16/2013 07:54 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:00 AM Report Abusive Post Report Copyright Violation | Gregor Peter ‏@L0gg0l 1 h But Buffett is honest. You shouldn't believe the sell side investment banks here saying "11th hour deal". They are probably already short Gregor Peter ‏@L0gg0l 1 h Probably arranged via WH that Buffett is now pushing POTUS agenda on CNBC to pressure GOP Gregor Peter ‏@L0gg0l 1 h Warren Buffett makes the Syria connection: Not rising the debt ceiling is like chemical weapons attack (in political terms) Gregor Peter ‏@L0gg0l 1 h Buffett making negative comments on U.S debt ceiling situation -- CNBC interview |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:01 AM Report Abusive Post Report Copyright Violation | Business Insider ‏@businessinsider 21 min The Treasury Bill market doesn't like how close we're playing this [link to read.bi] |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:01 AM Report Abusive Post Report Copyright Violation | Business Insider ‏@businessinsider 1 h Warren Buffett warns the debt ceiling has become a 'political weapon of mass destruction' like 'poisoned gas' [link to read.bi] Business Insider ‏@businessinsider 1 h Warren Buffett surprised the most powerful women in the world last night with a song [link to read.bi] Business Insider ‏@businessinsider 1 h All signs suggest the debt ceiling madness will happen again even if a deal is reached [link to read.bi] Business Insider ‏@businessinsider 1 h WARREN BUFFETT: The Debt Ceiling Is A Weapon That Shouldn't Be Used Against The American People [link to read.bi] |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:02 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:02 AM Report Abusive Post Report Copyright Violation | POLITICO ‏@politico 8 min ICYMI: GOP committee staff post “Top Ten Reasons The Government Shutdown Isn’t All Bad.” [link to politi.co] |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:04 AM Report Abusive Post Report Copyright Violation | POLITICO ‏@politico 1 min RT @TalKopan: Carl Bernstein continues his campaign against GOP leaders, calls them "cancerous," "cowardly": [link to DON'T_USE-THIS] |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:09 AM Report Abusive Post Report Copyright Violation | icymi: At this point, you may be wondering if the White House has a Plan B. Wonder no more: [link to politi.co] |
Gregor Samsa User ID: 48244142 Turkey 10/16/2013 08:22 AM Report Abusive Post Report Copyright Violation | a possible scenario might be Long story short, I have a good source that believes, through both meetings he attended on Friday and from market moves that are currently occurring, that the big banks will begin crashing the stock market next week to put pressure on Congress to Raise the Debt Ceiling without any effect on Obamacare... Quoting: Saddletramp If you're in, get out or go short!!! Thread: If You're In The Stock Market...GET OUT NOW!!! (Grande Finale Sourced Update) To know means to know all. Not to know all means not to know. In order to know all, it is only necessary to know a little. But, in order to know this little, it is first necessary to know pretty much. G.I. Gurdjieff |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:22 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 24289757 United States 10/16/2013 08:23 AM Report Abusive Post Report Copyright Violation | Well NO ONE in the past 6 years has CUT THEIR SPENDING... and Harry REID want to add another 1 Trillion Dollars... You guys... we can NOT KEEP RAISING THE DEBT... someone who is the ADULT IN THE ROOM... MUST CUT UP THE CRETED CARDS! |
Anonymous Coward User ID: 48223354 United States 10/16/2013 08:24 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:25 AM Report Abusive Post Report Copyright Violation | Mark Knoller ‏@markknoller 40 s Although plenty of reason to come in early, Senate convenes at noon, House in at 10am. Mark Knoller ‏@markknoller 1 min Senate looking to Leaders Reid and McConnell to finish work on bill to end the shutdown and raise the Debt Limit for several months. |
recollector User ID: 26964049 United Kingdom 10/16/2013 08:35 AM Report Abusive Post Report Copyright Violation | Mark Knoller ‏@markknoller 4 min Quoting: Luisport Day 16 of the federal shutdown and last day before risk of US Treasury default. Only possibility of fix is a bipartisan Senate bill. Like the one yesterday. The one yesterday was also a bipartisan one. Since I love the American people, I hope that the U.S. defaults asap.Default on 17 trillions today or on 20 trillions later, or 30 trillions, because the default is inevitable. Last Edited by Recollector on 10/16/2013 08:37 AM |
shadasonic User ID: 48323270 United States 10/16/2013 08:47 AM Report Abusive Post Report Copyright Violation | Even if we miss the October 17 debt ceiling, it won't be the end of the world. Many economists have repeatedly warned that any default would come at the end of the month at the earliest. To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying. This understanding may explain why the markets continue to be so calm. Read more: [link to www.businessinsider.com] 30 billion , that's like two days isn't it. We spend like madmen “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” – Carl Sagan |
goodmockingbird User ID: 48359356 United States 10/16/2013 08:52 AM Report Abusive Post Report Copyright Violation | Rebecca Sinderbrand ‏@sinderbrand 14 min Quoting: Luisport icymi: At this point, you may be wondering if the White House has a Plan B. Wonder no more: [link to politi.co] "...Obama has no Plan B" [link to www.politico.com] I Support Our First Responders |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:52 AM Report Abusive Post Report Copyright Violation | Business Insider ‏@businessinsider 13 min US Futures Are Ramping Up [link to read.bi] |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:54 AM Report Abusive Post Report Copyright Violation | Mark Knoller ‏@markknoller 3 min Hard to imagine we wouldn't hear from Pres Obama today whether or not Congress acts to end shutdown & raise Debt Limit. Mark Knoller ‏@markknoller 17 min At the WH today: Pres Obama has lunch with the VP; and meetings with Treasury Secy Lew and SecState Kerry. No coverage on any. |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 08:54 AM Report Abusive Post Report Copyright Violation | |
Ger_reG User ID: 1108496 Germany 10/16/2013 09:02 AM Report Abusive Post Report Copyright Violation | Even if we miss the October 17 debt ceiling, it won't be the end of the world. Many economists have repeatedly warned that any default would come at the end of the month at the earliest. To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying. This understanding may explain why the markets continue to be so calm. Read more: [link to www.businessinsider.com] 30 billion , that's like two days isn't it. We spend like madmen I just read in german news that it's not a single day! 60 billion a day! |
Anonymous Coward User ID: 48254356 Australia 10/16/2013 09:06 AM Report Abusive Post Report Copyright Violation | Even if we miss the October 17 debt ceiling, it won't be the end of the world. Many economists have repeatedly warned that any default would come at the end of the month at the earliest. To clarify, the debt ceiling is when the U.S. Treasury will no longer have the authority to borrow money by issuing bonds. However, it will still have around $30 billion in cash to continue financing its obligation. It's only after that cash runs out that we have to start worrying. This understanding may explain why the markets continue to be so calm. Read more: [link to www.businessinsider.com] 30 billion , that's like two days isn't it. We spend like madmen I just read in german news that it's not a single day! 60 billion a day! |
Anonymous Coward (OP) User ID: 48437788 Portugal 10/16/2013 09:10 AM Report Abusive Post Report Copyright Violation | Business Insider ‏@businessinsider 12 min The Absurdity Of The Debt Ceiling Explained In 4 Sentences [link to read.bi] |