Jack Lew made a wise suggestion: No Fiscal Gimmicks!
Posted in the Banking Forum
#1 Oct 10, 2013
From Fox News: Jack Lew, the Treasury Secretary declared that any short term Debt proposal should not and can not involve US Treasury in any fiscal Gimmicks!
Let the negotiation begin and the Deadline is December 22, 2013!
#2 Oct 10, 2013
Mark Zandi at Moody clarified further: The proposed short term Debt Deadline is Nov. 22, 2013 and the impacts of forfeiting payments to Bond holders whether that be International or domestic Or to Social Security Recipients at home are equally devastating!
The Interest Rate will jump very, very significantly!
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