Archive for June 1st, 2011

Treasury Default?


Wednesday June 1st, 2011   •   Posted by Emily Skarbek at 9:12am PDT   •   1 Comment

The Treasury Department reiterated that Aug. 2 remains the projected day the U.S. would start defaulting on its obligations. The U.S. reached its $14.3-trillion debt ceiling on May 16, but Treasury officials have been doing some complex financial juggling to push off the date at which the nation would start defaulting on its obligations….
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