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Saturday, July 23, 2011 4:20:30 AM
CHART OF THE DAY: WAIT, Is August 10 The Real Debt Ceiling Deadline?
Joe Weisenthal | Jul. 22, 2011, 4:48 PM
This might get some buzz in the next few days.
A report from Barclays (via FT Alphaville) suggests that based on slightly higher-than-expected tax receipts, Geithner might have another week before he slams into the ceiling. He might have as long as August 10.
This would be a double-edge sword since A) it buys the Treasury more time while B) convincing more Congressmen that all deadlines are phony.
Joe Weisenthal | Jul. 22, 2011, 4:48 PM
This might get some buzz in the next few days.
A report from Barclays (via FT Alphaville) suggests that based on slightly higher-than-expected tax receipts, Geithner might have another week before he slams into the ceiling. He might have as long as August 10.
This would be a double-edge sword since A) it buys the Treasury more time while B) convincing more Congressmen that all deadlines are phony.
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