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Economics

The budget and the ceiling - never again

Forget the non-taper caper, this is worrying. The US government will be closed for business (by the 1st of October) if the budget isn't passed. Uncle Sam's credit rating would be chopped if the ceiling isn't raised in time. According to Treasury Secretary Jacob J. Lew, the shayt would hit the ceiling "no later than October 18."

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Read more: S&P 500,  October 18,  November 1995,  Uncle Sam,  US government,  Treasury Secretary Jacob J. Lew,  Wall Street,  Economics,  August 2011 one,  Bill,  Bloomberg,  Clinton,  Congress,  Dec. 28,  December 1995,  du,  Fed,  January 1996,  September 2012,  Standard & Poor,  Uncle Sammy,  USA,  US economy,  US government budget,  Washington