Debt ceiling: Time's running out
By Jeanne Sahadi @CNNMoney June 19, 2011: 7:30 PM ET
NEW YORK (CNNMoney) -- So little time. So little clarity. So much at stake.
It's T minus two weeks until July 1. That's the chosen deadline for the small bipartisan group of lawmakers negotiating a debt-reduction "framework" to accompany an increase in the country's debt ceiling.
Even that deadline, however, will make it hard to end the debt ceiling drama by Aug. 2, when the Treasury Department says it will no longer be able to pay all the country's bills in full without being allowed to borrow.
Full story:
http://money.cnn.com/2011/06/19/news/economy/debt_ceiling/index.htm?section=money_latest
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