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发表于 2013-10-14 08:52 AM
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From GS
3. A deal in principle could be reached in the next few days, but going slightly past the October 17 deadline is entirely possible. An agreement in the Senate looks likely over the next few days. Procedural hurdles in the House and particularly the Senate often cause delays, but usually don't result in missed deadlines if a political agreement is in place. That said, if a bipartisan deal is reached in the Senate, getting the bill through the House would still be a tricky proposition and Republican leaders may not want to put such a bill to a vote until other options have been exhausted. Lawmakers have taken the October 17 deadline surprisingly seriously, probably because the media have focused on October 17 as the date at which a "default" could occur. This is inaccurate, but might help a deal to be reached sooner rather than later. On October 17, the Treasury becomes constrained by the debt limit and can no longer borrow. However, the Treasury expects to have $30bn in cash on that date, which it could still use to finance the difference between revenues for several more days, and perhaps longer. Given how much lawmakers have narrowed their differences, it is very difficult to imagine a stalemate lasting until Treasury's cash has been depleted and its ability to make payments is put at risk. That said, last week we believed it was possible that the final agreement might not be reached until slightly past October 17 and that still looks possible based on where things stand this morning. |
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