Month: September 2013

Relax: the Russians are not about to invade! Washington, however, is staring at collapse: in mid-October, the Treasury has announced that it will be down to its last $30 billion which, believe it or not, will only pay for half-a-day’s Federal expenditure. Yes, it’s that time of year again, when Washington stares at its Fiscal Cliff, as Congress must vote through the budget and the increased Total Federal Debt Limit.