On the recordJuly 26, 1990
Failure to enact a debt limit increase by August 13 would prevent the Treasury from auctioning securities on August 14 and settling on August 15.
Source
presidency.ucsb.eduFailure to enact a debt limit increase by August 13 would prevent the Treasury from auctioning securities on August 14 and settling on August 15.
Statement of Administration Policy: H.R. 5355 - Debt Limit Increase
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