[COLOR=#1d637d]but according to Charlie Gasparino you should have no fearIt's looking more and more likely that Congress will not hit the August 2 deadline, .
He reports that in secret, the administration has been making calls to Wall Street, telling bankers that the administration will find a way to avoid no matter what.
It's not clear what that means: Payment prioritization, the 14th Amendment option, or perhaps some new special measure Geithner could pull out to conserve cash?
That being said, the Administration reportedly does believe that a downgrade is still likely without a deal that cuts costs.
A lot of folks have suspected that August 2 isn't REALLY a debt default day... it might explain the market's ennui at the failure of politicians to solve this issue.
Meanwhile, one [COLOR=#1d637d]GOPer[/COLOR] is out saying that if Obama did let a default happen that he'd possibly be impeached, which is hilarious because others have talked about impeachment in the event that the 14th Amendment is invoked.


Read more: GASPARINO: The White House Is Privately Telling Bankers That We Won't Default If Debt Deadline Missed[/COLOR]