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The last U.S. debt limit agreement expired March 15th this year. The Treasury department and CBO have stated that extraordinary measures can be taken to extend government funding to October or November, before a U.S. Government default will take place. With a culmination of theories about an event happening in September, and global monetary shifts like the IMF potentially adding the Chinese Yuan to the SDR basket, the next 12 months could spell big trouble for the United States and the dollar.
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Read Transcript: http://www.crushthestreet.com/videos/market-wrap-up/u-s-economy-face-great-danger-october
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