Debt Ceiling About to be Reached

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On Sunday May 19 the Country’s Debt Limit Will Have Been Reached.  Treasury Secretary Jack Lew has Begun Taking Extraordinary Measures that Could Keep the Government Afloat Until Labor Day. “The First Move That Treasury Will Take is to Temporarily Stop Issuing Special Securities to State and Local Governments as of Noon on Friday ” (Today).

Once Again Congress and the President are Playing “Political Brinksmanship”. As We Saw in 2011 and Earlier in 2013 This Can be Especially Damaging to the Economy and the Markets. The 2011 Fight Over the Debt Was One of the Events that Led Standard and Poors (S&P) to Downgrade the Credit Rating of the U.S.

Read Further Details at http://money.cnn.com/2013/05/16/news/economy/debt-ceiling/index.html      

You Can See More Details at http://money.cnn.com/2013/05/16/news/economy/debt-ceiling/index.html

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