Published: Wednesday, 29 Jun 2011 | 4:43 PM ET
By: Michael K. Farr and Keith B. Davis
It seems like we just bounce from crisis to crisis these days. Now that the Greek "can" has been successfully kicked down the road, all eyes will point to the next potential crisis: the raising of the U.S. debt ceiling.
The technical default date for the U.S. Treasury is currently estimated at August 2. This is the date on which the Treasury must use its daily cash flow, rather than its borrowing capacity, to satisfy its many daily obligations.
Full story:
http://www.cnbc.com/id/43583087
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