Bursa Alert
Global Market
NewsU.S. may unveil post-Aug 2 plan as soon as Friday
Page 1 of 1
U.S. may unveil post-Aug 2 plan as soon as Friday
by hlk Fri 29 Jul 2011, 10:07
WASHINGTON: The U.S. Treasury will unveil a plan as soon as Friday evening on how the government will function and pay its bills if it looks like Congress will not raise the debt ceiling in a timely manner, an administration official said on Thursday.
Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt cap before Tuesday, when the U.S. Treasury will no longer be able to borrow funds to meet all of its obligations.
The administration official said the timing of Treasury's announcement depends on whether Congress is making progress to raise the debt ceiling. – Reuters
Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt cap before Tuesday, when the U.S. Treasury will no longer be able to borrow funds to meet all of its obligations.
The administration official said the timing of Treasury's announcement depends on whether Congress is making progress to raise the debt ceiling. – Reuters
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Flash MAS to unveil expansion plan on Monday
» Malaysia to unveil minimum wage plan
» White House could unveil mortgage plan next week
» Highlight UEM Sunrise to unveil tie-ups
» SMRT aborts Main Market transfer plan Friday, 9 January 2015
» Malaysia to unveil minimum wage plan
» White House could unveil mortgage plan next week
» Highlight UEM Sunrise to unveil tie-ups
» SMRT aborts Main Market transfer plan Friday, 9 January 2015
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|