Menu Click to open Menus
Home » Politics » Government Shutdown Won’t Change Debt Ceiling D-Day

Government Shutdown Won’t Change Debt Ceiling D-Day

(4956 Views) September 28, 2013 10:19 am | Published by | 1 Comment

Capitol-Hill-in-Washingtonswampland.time.com – A potential government shutdown next week would have no material impact on the timing of the federal government reaching the debt limit, experts said Friday.

Steve Bell, the senior director of economic policy for the Bipartisan Policy Center, told TIME that a shutdown — of any length — wouldn’t alter the pressure on Congress to raise the nation’s borrowing limit.

“A shutdown would not affect the ‘X day’ by more than one day either way,” Bell said, using his office’s term for the deadline. “For the purposes of the debt limit, it’s going to be so negligible.”

Unlike the last government shutdowns, which came in December 1995 and January 1996, the current showdown comes at the start of a new fiscal year. October and November are important months for federal spending, with large mandatory expenditures. Bell said that regardless of a shutdown, he expects the Treasury’s extraordinary measures, which have allowed the government to manage its debt without raising the debt limit, will become insufficient to meet the government’s obligations between October 18 and November 5.

On Wednesday, Treasury Secretary Jack Lew set October 17 as the date at which extraordinary measures will be exhausted.

This post was written by Mr. Yuli
About

Tri Yuli Kurniawan is a CEO Oketheme.com. He is developer of MagaZimple. MagaZimple is a multipurpose WordPress magazine theme with simple design so it can be used for any type of blog or website. Simple & Easy! You can buy this awesome magazine theme at www.oketheme.com

Tags: , ,
Categorised in:

1 Comment for Government Shutdown Won’t Change Debt Ceiling D-Day

  • MircooN says:

    I noticed that it’s hard to find your blog in google, i found it on 21th spot, you should get some quality backlinks to rank it in google and increase traffic. I had the same problem with my website, your should search in google for – insane google ranking boost – it helped me a lot

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>