Sentence examples for precipice of default from inspiring English sources
WASHINGTON — Oct. 17 is the day the Treasury Department expects to exhaust its so-called extraordinary measures to keep paying the country's bills, putting it on the precipice of default.
The Treasury said last week that Congress had until Oct. 17 to raise the limit on how much the federal government could borrow or risk leaving the country on the precipice of default.
The direness of Italy's financial situation forced him from office, and his country has been teetering on the precipice of default, with the euro on the line and the whole world holding its breath.
This is actually a good outcome for America, because in order for it to be used as the "weapon of choice," it will have to exist, which should mean that we are done shutting down the government or coming to the precipice of a default crisis as a means of getting rid of Obamacare.
But with Cyprus coming close to the precipice, in danger of default and leaving the eurozone, that optimism was severely tested during the week.
On that day, unless Congress were to raise the debt ceiling, the Treasury would have only $30 billion cash on hand, putting the United States on the precipice of an unprecedented default, the department said on Wednesday.
That is when the Treasury will have only $30 billion of cash on hand, putting the United States on the precipice of an unprecedented default, unless Congress raises the government's statutory borrowing limit.
The Treasury has told Congress that if it does not raise by debt ceiling by Oct. 17, it will have only $30 billion cash on hand, putting the United States on the precipice of an unprecedented default.
Madison, Wisconson — Last week, the United States once again walked up to the precipice of a debt default, and once again the world wonders why any country, much less the world's largest economy, would endanger its financial reputation and thus its ability to borrow.
So, at this point, Argentina has already begun to re-shape the global landscape with more still to play out as it stands at the precipice of yet another default.
