Information on Debt Ceiling

As Congress and the Administration continue to negotiate how to handle the debt ceiling, many of us are wondering what will happen if no agreement is reached by the August 2, 2011 deadline.  There is no precedent for the U.S. Government having insufficient funds to pay its bills. This PilieroMazza Client Alert discusses what could happen from a worst-case scenario to one in which payments will be prioritized for the short term should Congress not raise the debt ceiling by the anticipated date.  Click here for the Client Alert.  If you have any questions, please feel free to contact our office at 202-857-1000 or pmpllc@pilieromazza.com.

(Via Pilieromazza)