meanwhile, military funding will continue on schedule...
from cbsnews: President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News. The Obama administration and many economists have warned of economic catastrophe if the United States does not raise the amount it is legally allowed to borrow by August 2. Lawmakers from both parties want to use the threat of that deadline to work out a broader package on long-term deficit reduction, with Republicans looking to cut trillions of dollars in federal spending, while Democrats are pushing for a more "balanced approach," which would include both spending cuts and increased revenue through taxes.
US regime may cite 14th amendment to raise debt ceiling*
details from the awful june jobs report*
icahn makes $12.6b bid for clorox*
wisconsin prisoners to replace union workers with prisoners*
video: minnesota running out of booze, cigarettes due to government shutdown*
nearly one in five recent grads is out of work*
foreclosures by bank of america expected to rise*
societal chaos & how elites will try to maintain control*
moody's puts US bond rating on review for possible downgrade*
dollar drops on moody's & bernanke remarks*
US credit rating not worth saving, ron paul says*
loss of aaa rating could unleash financial hell*
european markets plunge as debt crisis worsens; gold jumps*
video: paul asks bernanke 'why do central banks hold gold?’*
iran & the first US dollar war defeat*
mounting evidence that dominique strauss-kahn was framed*
eu calls emergency meeting as crisis stalks italy*
italy's 2,400 tons of gold the real target of 'imf terrorists'?*
fair use notice: this site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. we are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, & social justice issues, etc. we believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US copyright law. In accordance with title 17 usc section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.