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SPDR Gold Shares Message Board

  • wet_creamy_and_sticky wet_creamy_and_sticky Oct 9, 2013 2:00 AM Flag

    ( ( ( By Oct 17, US Treasury would have only $30 billion to pay its bills = DEFAULT ) ) )

    The U.S. Treasury has said it would hit the debt ceiling by October 17, at which time it would have only around $30 billion and incoming revenues to pay the government's bills, leaving the nation on the edge of default unless Congress raises the cap.

    TRILLIONS AT STAKE

    As of July 31, China held $1.28 trillion in U.S. Treasury bonds and Japan held $1.14 trillion, Treasury Department data shows.

 
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