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From the WSJ via the SMH:
October 17: US will exhaust emergency measures. Expect to only have $US30 billion in cash and incoming tax revenue to pay obligations
October 22: First day the US could start missing payments
October 23: $US12 billion in Social Security payments due
October 24: Rollover of at least $US93 billion in maturing debt. Will investors expect higher yield?
October 28: $US3 billion in federal employees’ salaries to be paid
October 30: Medicaid providers to be paid $US2 billion
October 31: $US6 billion interest payments due and a rollover of at least $89 billion in maturing debt
November 1: $US55 billion in Medicare, Social Security and military payments due
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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