U.S. to exhaust borrowing capacity by Oct. 17 (Reuters)
U.S. Treasury Secretary Jack Lew warned Congress today that the United States would exhaust its borrowing capacity no later than Oct. 17, when it would have only about $30 billion in cash on hand. The new estimate came in a letter from Lew to congressional leaders as he urged them to raise the nation’s $16.7 trillion debt limit soon. “If the government should ultimately become unable to pay all of its bills, the results could be catastrophic,” Lew said.
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…