In a letter to House Speaker Paul Ryan, Mnuchin pointed out that the suspension of the statutory debt limit will expire on Wednesday, March 15, 2017. The following day, the outstanding debt of the United States will be at the statutory debt limit.I wasn't aware that unsustainable debt was a priority...
At that point, the Treasury will begin to take “extraordinary measures” to prevent the U.S. from defaulting on its debt, Mnuchin wrote in the letter dated March 8.
“As I said in my confirmation hearing, honoring the full faith and credit of our outstanding debt is a critical commitment. I encourage Congress to raise the debt limit at the first opportunity so that we can proceed with our joint priorities,” Mnuchin wrote.
Mnuchin said that the Treasury will begin by suspending the issuance of certain special purpose Treasury securities to state and local governments.
Friday, March 10, 2017
The Ceiling Still Waits
Well, maybe not:
Here comes the eclipse:
The regulators are still at it: Using the "altFEC" twitter account, one of several "alt" sites set up by government work...
Were they the ancestors of piano players? The brain circuits that led to two-sided tools and weapons such as hand-axes and cleavers are the ...
They really are after everyone's job: The study found that 42 percent of UK consumers believe their job is likely to be replaced by a ro...