So secretary lew would have to make a decision. He could recommend the president continue business as usual ignoring the debt limit, borrowing money and paying the bills. As justification, lew could say the president had to choose between conflicting Laws Congress has passed requiring him to spend money and not spend it at the same time. At that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress would find themselves before the Supreme Court arguing under what circumstances the debt of the United States should be paid or could be paid. It gets into really nasty stuff. Reporter but veterans of washingtons budget battles say the rhetoric jack lew will face will be much nastier than the ultimate outcome. The debt ceiling is going to be an ugly fight, perhaps as ugly or even uglier than what we went through at the end of last year, but the real fight is not over the debt ceiling, the real figh
Employee pay, is less clear. So secretary lew would have to make a decision. He could recommend the president continue business as usual ignoring the debt limit, borrowing money and paying the bills. As justification, lew could say the president had to choose between conflicting Laws Congress has passed requiring him to spend money and not spend it at the same time. At that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress would find themselves before the Supreme Court arguing under what circumstances the debt of the United States should be paid or could be paid. It gets into really nasty stuff. Reporter but veterans of washingtons budget battles say the rhetoric jack lew will face will be much nastier than the ultimate outcome. The debt ceiling is going to be an ugly fight, perhaps as ugly or even uglier than what we went through at the end of last year, but the real fight is not over th
Senate confirmation, Jacob Jack Lew will take over a treasury that is rapidly running out of cash. The federal government has already hit the debt ceiling. And the only way the government can pay its bills is by using accounting gimmicks to move money around. Those tricks will only get the government through midfebruary. At that point lew might have to take the unprecedented step of deciding he has the Legal Authority to pick and choose which bills the feds will pay. Even if it were clear that the treasury secretary could do that, pick and choose, the ability, the real ability to reprogram all of the software in treasurys computers which connect to all of the Computer Software in the various agencies is not something that can be done in ten minutes or ten days or ten weeks. So you have the right to do it but you dont have the ability to do it. Reporter the treasury uses a separate Computer System to make Interest Payments on the federal debt so it is possible investors would get what t
Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS – Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 17,400 shares, an increase of 728.6% from the May 15th total of 2,100 shares. Based on an average trading volume of 16,300 shares, […]
Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP – Get Free Report) declared a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.078 per share by the financial services provider on Monday, July 1st. This represents a $0.94 dividend on an […]