Since last May, when Treasury Secretary Timothy Geithner announced that the federal debt ceiling had been reached, and the government could have to take extraordinary measures to meet their payment until August 2, markets and researchers assumed that if is not achieve a deal to increase the debt limit, on August 2 the American Government will default on his debts.
This was based on projections, which showed that the Treasury running out of funds on that date.
However, at this moment, it is difficult to be sure; the previous projections have changed; and nobody knows how much money the Treasury has taken in and paid out since then, but, according to a Barclays Report, which The Huffington Post published today, the date on which the Treasury will run out of cash to pay its obligations may be around August 9. Of course, the analysts hope lawmakers do not take the extra time to reach a deal.
