@ryangrim Huh? Extraordinary measures allow Treasury to extend debt ceiling. Prioritization allows Treasury to pay bondholders first
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@DannyVinik what do you think the extraordinary measures are? -
@ryangrim Gimmick for Treasury to move money around to keep us under debt ceiling for extra time. http://www.treasury.gov/connect/blog/Documents/Appendix%20--%20Extraordinary%20Measures%2012-26-2012.pdf … -
@DannyVinik It's all moving money around -
@ryangrim Extraordinary measures are about timing of debt ceiling. Prioritization is about who to pay
End of conversation
New conversation -
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MT
@ryangrim: So GOP plan bans extraordinary measures to avert default, which is the precise opposite of the prioritization they call forThanks. Twitter will use this to make your timeline better. UndoUndo
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@ryangrim@HuffPostPol that means the deal is DEAD in the Senate.Thanks. Twitter will use this to make your timeline better. UndoUndo
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