Debt ceiling: Deadline to default?

Townhall.com Staff
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Posted: Oct 15, 2013 4:59 PM
Contrary to what the headlines might have you believe, October 17 is not the deadline to default. It is the day that the U.S. Treasury says it will exhaust the extraordinary measures that have allowed it to get by—since May 19—without breaching the legally imposed limit on federal government borrowing.