Wednesday, August 12, 2015

Ruh-roh. Something's stuck

Either someone tore up Obama's credit cards, or the U.S. Treasury's playing some mighty peculiar games.

CNS News notes the U.S. national debt has ceased its expansion, at least by the official count:
The portion of the federal debt that is subject to a legal limit set by Congress closed Monday, August 10, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Tuesday. 
That, according to the Treasury's statements, makes 150 straight days the debt subject to the limit has been frozen at $18,112,975,000,000. 
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

Meanwhile, there's this...

By way of

Add the shenanigans China's now playing with currency devaluation, and it's really hard to say how the back half of 2015's are gonna work out, especially if some of these games get away from their handlers. 

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