Monday, July 3, 2017

Is the sandbox ready for senate default?

Zero Hedge:
With the CBO warning that the Treasury is on track to run out of cash in less than four months, Republicans are facing a difficult internecine struggle to raise the debt limits as both conservatives and moderates demand riders that stipulate how the money can be spent. And while the Trump administration has sought to play down this conflict, as the Hill reports, support for a “clean” debt-ceiling hike – that is, raising the debt ceiling with no strings attached – is dwindling as only a handful of the 16 remaining House Republicans who backed the last clean hike say they would back another. Yet, though Democratic support for a clean bill is far from assured, the Republicans’ much narrower majority in the Senate increases the likelihood of a clean hike.
No, we are still stuck on S&L and secure element.

The senate is expecting a fully operational sandbox with a default pit within a few months.  Techies are way behind, and when the coordination failure hits, I am blaming Tim Cook, for no apparent reason.

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