The Next Crisis – Mark your calendar

Friday, August 12, 2011
By Paul Martin

by Bruce Krasting
ZeroHedge.com
08/12/2011

The date will be on or about September 30th. The issue will be the need to pass a Continuing Resolution by the House.

For more than 850 days the US has gone without a budget. The House passed one not long ago; the Senate tabled it. The Administration has not offered up one either. The absence of an approved budget means that the only way the country can continue to operate is through a series of temporary extensions.

The last time we went through a vote on a continuing resolution was just four months ago. That fight went down to the wire. At the time it was 50-50 that the government would be forced to shut down. In the end a deal was reached to extend things to the end of this fiscal year. That happens to be just six weeks from today.

The Rest…HERE

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