Understanding the debt ceiling & The week ahead

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Understanding the debt ceiling

As Washington enters the second week of the government shutdown, another more pressing and possibly catastrophic issue, looms on the horizon. The debt ceiling. In 10 days the U.S. government will run out of money to pay its bills. According to this article from CBS Money Watch by Alan Sherter on October 17 the government will have about $30 billion dollars on hand. That’s only half of what they spend per day.

The article also covers recent history with the debt ceiling, how much danger we are really in, and why Congress and the White House can’t avoid lifting the cap by cutting federal spending. You can read the full article here.

The week ahead

The government may be shutdown but the business world continues to move along. Albeit, with one eye trained on Washington. Attendees at this years Inc. 500l5000 event won’t have to look very hard to keep an eye on our nation’s capital. The event, which honors the best the business world has to offer is holding the three-day event in D.C. Attendees can expect to hear from high-level keynote speakers and lots of networking opportunities.

You can read about more events going on this week in this article that appeared on Entrepreneur.com.

About Barclay Pollak

Barclay Pollak is an award winning journalist and proud to be a member of the Corporate Communications team at TDS Telecommunications Corp. (TDS®) in Madison, Wis. Barclay joined the team in April of 2013. Before that Barclay worked as an Anchor/ Reporter for the NBC affiliate in Madison. While at NBC-15 Barclay was recognized by several organizations for his contributions to the television news industry. They include the Wisconsin Broadcasters Association, the Radio Television Digital News Association (Edward R. Murrow Regional Award) and the Chicago/Midwest National Academy of Television Arts and Sciences (2012 Emmy Nominee). When he’s not working Barclay enjoys cheering for all the sports teams in Wisconsin. Barclay’s a University of Wisconsin-Madison alumnus and a huge fan of Badger athletics. Barclay is fascinated by the ever changing world of technology and spends a fair amount of his free time reading about the latest and greatest developments online. When Barclay’s not learning about technology he’s scouring the Internet in search of freeware. Barclay has an 8-year-old daughter and lives with his girlfriend of almost five years on Madison’s southwest side. Follow on G+.

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