I keep hearing it's for "debts and obligations already incurred." If true then what's the purpose the authorization by Congress? The money is already spent beyond what's authorized. It's like spending beyond your credit card limit (which BTW, is impossible) and then asking your credit card company for an increase to your credit limit.
Gov't. shutdown occurs on Friday. As you know, this isn't the first time we've run up against (and through) the deadline. I just think it's important to understand the nuances of the negotiations other than the adverse impact it will have on interest rates and the bond market.
Thanks in advance.
Gov't. shutdown occurs on Friday. As you know, this isn't the first time we've run up against (and through) the deadline. I just think it's important to understand the nuances of the negotiations other than the adverse impact it will have on interest rates and the bond market.
Thanks in advance.
