What late date?
Since when is obamas birthday a drop dead date for american default
Since when is obamas birthday a drop dead date for american default
What I am referring to is how late in the Fiscal Year we are. FY2011 ends at the end of September. This means that we only have 2 months left effective. With a deficit of $1,650 Billion, this means that the average defict for the last 2 months is $275 Billion. So $22 Billion is a nice cut once you consider that the government is committing money to its contractors right now.