Political impasse raises US default concerns

Capitol building in Washington DC

US government officials remain at an impasse over raising the United States' debt ceiling, an aggregate limit that applies to nearly all federal debt.

The most recent increase in the US debt ceiling by $1.9 trillion to $14.29 trillion was signed into law on February 12, 2010 and the Treasury projects the US will exhaust its authority to borrow around August 2, raising the spectre of not having enough cash to meet the government's bills. This year's vote would represent the 101st time since 1940

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: