With Senator Reid’s bill struck down, many politicians still anticipate a last minute compromise between Democrats and Republicans. Despite the glimmer of hope from Mitch McConnel, there is a quiet forbodence about where things are in the next 48 hours.
Let me put it this way, despite the claims of compromise, there is a large chance that the Federal gov’t will have some sort of default on Aug. 2nd. All investors should make the appropriate plans. Interest rates will rise and the dollar will tank.