Debt Ceiling Update; Chinese Investments Disappoint; Big Banks'...

Receiving Wide Coverage ...

Debt Ceiling Update: A Journal article this morning looks at Treasury's options for paying the nation's bills should Congress refuse to raise the $16.4 trillion federal borrowing limit. These option include "selling assets such as gold or mortgage-backed securities ... cutting all spending by 40% ... delaying trillions of dollars of payments to employees, Social Security recipients, contractors and others" or paying the government's bills only as tax revenue become available. The...