Minority Leader Nancy Pelosi drew hoots and cheers Saturday on the House floor. She said Republican Speaker John Boehner “chose to go to the dark side” when he didn’t have the votes to support his debt ceiling bill.
The U.S. Treasury Department said on Thursday that Washington now has a total operating balance of only US$73.768-billion. Apple currently boasts a cash reserve of $75.876 billion.
California’s state treasurer said he is preparing contingency plans in case the federal government misses its Aug. 2 deadline to raise the debt ceiling.