SO. is there a CR in place as of now???? Else why would the gov't be force to shut down?? over the debt ceiling?
*hijacking this thread* LOL
There is not a CR in place, that is why the gvt is closed. The debt ceiling is a different set of circumstances with the same basic issues. The timing of when we reach the debt ceiling is more amorphous and will occur around the 15th and we will default on some bond payments on the 18th. Defaulting due to government gridlock would likely cause huge financial turmoil and another downgrade in our credit rating.