ANALYST: Make No Mistake On The Debt Ceiling, This Will Become A Genuine Crisis
SEP. 26, 2013
The Treasury Department has set October 17 as the deadline for Congress to raise the debt ceiling.
In one corner, Republicans have outlined their demands for a bill — including tax reform and a one-year delay of the Affordable Care Act. Then there’s President Obama, who has said the debt ceiling is simply non-negotiable.
So that’s where we are.
“Make no mistake — this will become a genuine crisis, far more ominous than the threat of a government shut-down,” writes Potomac Research Group’s Greg Valliere.