Defaulted U.S.. When will default?..
Now people are talking about a default of the United States:
- When it is (in August – is already on August 2?..),
- Its implications for the Russian economy and the global economy (the new wave of global financial crisis?!.).
When will the U.S. Default?..
Analysts, investors on Wall Street believe that at present the U.S. Government has enough funds to postpone the declaration of default (if the debt ceiling will be raised from the current 14.3 trillion dollars), at least until mid-August (or even before the beginning of September).
“… I think that the default risk increases starting from 15 August…”
- Ward McCarthy (Ward McCarthy), the managing director of Jefferies & Co.
Incidentally, on August 3 is scheduled payment of $ 23 billion on social security benefits, and on August 4 the U.S. Will have to refinance government bonds by as much as $ 90 billion.
U.S. Technical default may occur on August 15, when the government will pay 41 billion dollars, of which $ 30 billion – Interest on state debt.
Republicans who do not make concessions on the Democrats raise bar of public debt, requiring first to adopt a program to reduce fiscal deficit of the country, insist that the Ministry of Finance (United States Department of the Treasury) is sufficient cash to meet their obligations throughout August.