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"Since the ceiling does not explicitly restrict the government's ability to refinance existing debt, and the government's market access is not in question, the only question relates to interest payments, for which the government can use extraordinary measures." said Sarah Carlson, a senior vice president at Moody's.
Moody's said it expects the federal government to raise the debt ceiling before risking a default and that extraordinary measures would give lawmakers enough time - roughly until October or November - to reach a deal.
Just hours before the U.S. missed some of its payments, Congress increased the debt limit, but not before ratings agency Standard & Poor's downgraded the U.S. credit rating for the first time in its history - saying U.S. Treasury debt no longer deserved status as the safest in the world.
originally posted by: dukeofjive696969
Why worry, you guys got chump, oups i mean trump to save the day, im sure hes going to tweet about it, and all the debt will disappear.
originally posted by: xuenchen
a reply to: dukeofjive696969
A "swish" moment locked in time warp.
originally posted by: dukeofjive696969
originally posted by: xuenchen
a reply to: dukeofjive696969
A "swish" moment locked in time warp.
Even better, this time you posted a meme, but hurry now go click that alert button, gotta tell those mods how the evil canadian commie is picking on you again.
Oh and the only punchline in this thread is you.
originally posted by: WilliamtheResolute
originally posted by: dukeofjive696969
originally posted by: xuenchen
a reply to: dukeofjive696969
A "swish" moment locked in time warp.
Even better, this time you posted a meme, but hurry now go click that alert button, gotta tell those mods how the evil canadian commie is picking on you again.
Oh and the only punchline in this thread is you.
Who knew it was so easy to trigger a Canadian?
originally posted by: xuenchen
a reply to: dukeofjive696969
I was talking about me.
originally posted by: dukeofjive696969
Why worry, you guys got chump, oups i mean trump to save the day, im sure hes going to tweet about it, and all the debt will disappear.