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"There Will Be Blood": S&P Warns Failure To Raise Debt Ceiling Would Be "More Catastrophic Than Lehman"

"There Will Be Blood": S&P Warns Failure To Raise Debt Ceiling Would Be "More Catastrophic Than Lehman"

With just one month left until the Treasury "X-date", or the moment when it would run out of cash without a debt-ceiling resolution...

... the time has come for dire, apocalyptic threats to spook Congress into action and specifically reaching a compromise on a debt ceiling resolution, and S&P - which infamously downgraded the US in 2011 during the last debt ceiling fiasco - is happy to be the source of bad news.

As Harvey Moves Inland, A New Hurricane Is Forming Over The Atlantic

Update: According to the NHS, Atlantic Tropical Storm Irma has formed, and could be a Hurricane by Friday. With top winds of 50 miles (80 kilometers) per hour, Irma formed 420 miles west of Cabo Verde moving west at 13 mph, the U.S. National Hurricane Center in an 11 a.m. N.Y. time advisory.

According to Jeff Masters, co-founder of Weather Underground, computer forecast models disagree on its ultimate track but a U.S. strike later in September cannot be ruled out.

Trump Finally Breaks His Silence On North Korea: "Talking Is Not The Answer!"

Trump Finally Breaks His Silence On North Korea: "Talking Is Not The Answer!"

Following the latest missile launch from North Korea, which sparked panic as it flew over Japan before splashing down in the Pacific, Trump remained noticeably silent on the topic...until now.  In a new tweet this morning, Trump has finally broken his silence saying "talking is not the answer!" to solve the North Korea crisis.

"The U.S. has been talking to North Korea, and paying them extortion money, for 25 years. Talking is not the answer!"

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