After Aug. 2, the default deadline, the smell will go bad, quickly.
With the 2 August default deadline getting closer, the pressure will increase for a deal, any deal.
The default deadline is Aug. 2. Still, a leading Democrat said the two parties were coming closer together on the debt limit and deficit reduction.
America is hurtling toward the default deadline, on or around the 17th, having seen no sign of a real breakthrough over the weekend.
The potential default deadline of 2 August – next Tuesday – looms closer, and another day lost in arm-twisting and procedural wrangling does nothing to sooth the markets.
– that we are entering a new stage of a five-week-long war over the budget tied to a new default deadline.
Still, with less than three weeks left until the default deadline and no viable alternative in sight, House Speaker John A. Boehner (R-Ohio) declined to shoot it down.
It shows what would have happened on Aug. 3, 2011, had the borrowing limit not been raised on the default deadline of Aug. 2, 2011.
FINALLY President Obama and Congressional leaders began engaging in serious discussions last week over the trillions in cuts it would take for a deal to raise the debt ceiling before the default deadline of Aug. 2.
Politico reported that, in the last days before the default deadline, Ayotte "teed off on Sen. Mike Lee (R-Utah), lambasting him for what she considered a failed strategy with no way out.
That arrangement of dates means any government shutdown in January – on the off chance that for example the House GOP puts up another fight – would have a few weeks to play out before the default deadline in February.
