Blind-Sided by the Shutdown
{jcomments on}
Nearly none of the industry analysts and pundits expected we would have a government shutdown. After it happened, many predicted it would last a few days, or a week or two at worst. Now the preponderance of opinion is that it will probably end in the next few days.
By statute the debt ceiling needs to be raised by October 17, to avoid a federal default on its financial obligations. However, the actual date when a default would take place without an increase in the debt ceiling is nearer the end of the month.