Many to Miss if U.S. Defaults

Social Security recipients. Doctors who treat Medicare patients. Military pensioners. Companies with federal contracts. Government workers. Bond investors.If Congress fails to raise the debt ceiling in time, anyone owed money by the federal government could eventually be left in the lurch.The reason: Treasury Secretary Jack Lew wouldn’t have enough money to pay all the bills in full and on time.Thursday is the working deadline for when the cash crunch begins, and though negotiators in Congress were making progress, as of late Monday, there was still no deal.CNNBio Google+ Latest Posts Stuart McPhee has more than 16 years’ experience as a private trader and he specializes in technical market analysis of major currency pairs. He is the author of several bestselling trading books, most recently …

via MarketPulse:

Social Security recipients. Doctors who treat Medicare patients. Military pensioners. Companies with federal contracts. Government workers. Bond investors.

If Congress fails to raise the debt ceiling in time, anyone owed money by the federal government could eventually be left in the lurch.

The reason: Treasury Secretary Jack Lew wouldn’t have enough money to pay all the bills in full and on time.

Thursday is the working deadline for when the cash crunch begins, and though negotiators in Congress were making progress, as of late Monday, there was still no deal.

CNN

The post Many to Miss if U.S. Defaults appeared first on MarketPulse.

For more info: Many to Miss if U.S. Defaults

MarketPulse

Many to Miss if U.S. Defaults

The post Many to Miss if U.S. Defaults appeared first on FX FOREX.

via WordPress http://www.evvi.net/579/forex/many-to-miss-if-u-s-defaults.html



Forex, congress, federal, forex round up, institute, market, oanda, security, social, trade, trading, usd