Wednesday, July 06, 2011

Treasury Studying How To Avoid Default if Dems. Lose in Congress

No matter that the White House is denying it, the Treasury is indeed studying how to avoid default if the GOP have their way this month.  This is serious stuff and if it happens it will make the Greek crisis look like a birthday party in comparison to what may happen in the U.S.  And if any administration can twist the law to their advantage -- or at least act and seek forgiven (or not) later, it is this one.  Take a look at the nitty-gritty.

Exclusive: Treasury secretly weighs options to avert default | Reuters

 
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