Will the US default on October 17th 2013?

[Mr. Morden]

I asked this in the other thread, but no one answered: If the government shutdown persists through October, then does that push the default day back at all, since the government is spending less money than it otherwise would during these next 17 days, making it climb towards the debt ceiling more slowly?

[Mr. Morden]

Apparently default wouldn't happen on October 17th.  That's simply the day that the US would have to stop borrowing any more money.  But there'd still be enough cash on hand to pay bills for at least a few more days.  A think tank called the Bipartisan Policy Center estimates the actual day of default as somewhere between Oct. 22 and Nov. 1:

http://www.latimes.com/business/money/la-fi-mo-debt-limit-bipartisan-policy-center-treasury-lew-default-20131008,0,4899091.story

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