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Debt-ceiling D-Day gets pushed back (again)


First, Treasury Secretary Tim Geithner warned Congress that if they didn't act to raise the debt ceiling by early July there would be negative consequences for the market.

Then, Geithner tagged August 2 as America's default deadline.

Now, thanks to some "maneuvering" by the Treasury Department, the U.S. government has apparently discovered some extra cash and D-Day for the debt ceiling is August 10.

This is a very different message than the president's threats that Social Security payments would halt on Aug. 2. Instead, the NYTimes warns that those checks will stop the following week.

Get ready for yet another week of political ping-pong...

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