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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (27326)	3/18/2017 7:24:42 AM
From: Goose94	Read Replies (1) \| Respond to of 203382

Gold: The U.S. hit its debt limit again. Now the Treasury Department is maneuvering to avoid a default until Congress acts March 16, 2017 - Jim Puzzanghera “The debt limit needs to be raised to pay for spending already authorized by Congress, not for future spending.” Trump sided with hard-liners in 2013, publicly opposing an increase. “I cannot believe the Republicans are extending the debt Ceiling — I am a Republican & I am embarrassed!” he tweeted then. "But Trump’s views appeared to have changed now that he’s president and would have to deal with the ramifications of a default. Treasury Secretary Steven Mnuchin “will work with Congress on a path forward,” White House Press Secretary Sean Spicer said this week.” "On Thursday, the limit was reinstated at about $19.9 trillion, the current level of outstanding public debt. To avoid going over the limit, Treasury has begun what it calls “extraordinary measures.” The first accounting maneuver began Wednesday when the Treasury suspended the sale of state and local government series securities, which count against the debt limit. On Thursday, the department suspended issuing new debt for some federal employee retirement and disability funds, Mnuchin said."