Oct. 17 is a phony deadline for Default – Bloomberg

Oct. 17 is a phony deadline for Default – Bloomberg

James Rickards, senior managing director at Tangent Capital Partners, discusses the October 17 deadline for the United States breaching the debt ceiling, the options President Barack Obama and Treasury Secretary Jack Lew could try if the government hits that deadline and what a possible 6-week extension could mean for negotiations. He speaks on Bloomberg Television’s “Market Makers.”