The US Federal Debt Total Was Frozen Below The Debt Ceiling Since May 17, 2013

By Lawrence

SONY DSCRead, learn and understand how the US Treasury Department playing around the rules and regulations to keep the US government from exceeding its debt limit.

This special manoeuvre will run out of its effectiveness by end of July or early August 2013. By that time if US Congress fails to increase the debt ceiling, you can expect chaos in the financial markets.

Partial US government shutdown and default in various benefit payments cannot be ruled out.

This is one hell of a messed up situation that the US politicians choose to ignore.

You can find the rest of the debt limit related letters sent from the US Treasury department to US Congress from their Treasury department website.


  • You must be logged in to comment. Log in