CHART OF THE DAY: WAIT, Is August 10 The Real Debt Ceiling Deadline?

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This might get some buzz in the next few days.

A report from Barclays (via FT Alphaville) suggests that based on slightly higher-than-expected tax receipts, Geithner might have another week before he slams into the ceiling. He might have as long as August 10.

This would be a double-edge sword since A) it buys the Treasury more time while B) convincing more Congressmen that all deadlines are phony.

chart of the day, opening cash balance, outlays, july 2011

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