Home Other D.C. CFO Natwar Gandhi warns U.S. debt default could revive D.C. control board
Feb 03
Friday
Taxation Without Self Government is Subjection. - mlw?
D.C. CFO Natwar Gandhi warns U.S. debt default could revive D.C. control board E-mail
http://washingtonexaminer.com/blogs/capital-land/2011/07/us-debt-default-could-trigger-control-board-dc-cfo-warns

U.S. debt default could trigger control board for D.C., CFO warns

By: Freeman KlopottExaminer Staff Writer Follow Him @FKlopott07/27/11 5:07 PM

If the U.S. government defaults on its debts, the District could once again find itself under the thumb of the control board, D.C. Chief Financial Officer Natwar Gandhi warned on Wednesday.

In September, city officials will head to Wall Street and ask for $900 million in short-term bonds that will supply the District with cash-on-hand it needs to meet payroll, and other bills. But if the U.S. government defaults, there's serious risk that government's across the country will see their bonds downgraded. If D.C. is among those, it may not be able to get the cash it needs to meet the $500 million in monthly bills.

"That has the specter of the return of the control board," Gandhi said Wednesday. The primary trigger for the control board's return is the city being unable to pay its bills. The board was put in place in the late 1990s when the city was unable to meet pension payments. It was dismantled when the District balanced it budget and began building a cash reserve.

But as the economy has slumped into recession, the city has dipped into those reserves. Now, only the rainy day fund is left, leaving the city with little cash-on-hand, which is why it needs the short-term bonds, Gandhi said.

If the federal government doesn't agree on a deal to raise the debt ceiling by Tuesday, it will default on its debt, causing the country's bond rating to plummet and havoc in the markets.

 
Home Other D.C. CFO Natwar Gandhi warns U.S. debt default could revive D.C. control board

Profile Information

Application afterLoad: 0.001 seconds, 0.29 MB
Application afterInitialise: 0.086 seconds, 1.36 MB
Application afterRoute: 0.094 seconds, 2.04 MB
Application afterDispatch: 0.129 seconds, 2.48 MB
Application afterRender: 0.270 seconds, 2.89 MB

Memory Usage

3058768

16 queries logged

  1. SELECT *
      FROM jos_session
      WHERE session_id = '3its9rvmciobfit02q7fpr8jg4'
  2. DELETE
      FROM jos_session
      WHERE ( TIME < '1675406809' )
  3. SELECT *
      FROM jos_session
      WHERE session_id = '3its9rvmciobfit02q7fpr8jg4'
  4. INSERT INTO `jos_session` ( `session_id`,`time`,`username`,`gid`,`guest`,`client_id` )
      VALUES ( '3its9rvmciobfit02q7fpr8jg4','1675409209','','0','1','0' )
  5. SELECT *
      FROM jos_components
      WHERE parent = 0
  6. SELECT folder AS TYPE, element AS name, params
      FROM jos_plugins
      WHERE published >= 1
      AND access <= 0
      ORDER BY ordering
  7. SELECT *
      FROM jos_migration_backlinks
      WHERE url LIKE 'option=com\_content&view=article&id=296:dc-cfo-natwar-gandhi-warns-us-debt-default-could-revive-dc-control-board&catid=65:other&Itemid=136%' OR sefurl LIKE 'option=com\_content&view=article&id=296:dc-cfo-natwar-gandhi-warns-us-debt-default-could-revive-dc-control-board&catid=65:other&Itemid=136%'
  8. SELECT *
      FROM jos_migration_backlinks
      WHERE url LIKE 'index.php?option=com\_content&view=article&id=296:dc-cfo-natwar-gandhi-warns-us-debt-default-could-revive-dc-control-board&catid=65:other&Itemid=136%' OR sefurl LIKE 'index.php?option=com\_content&view=article&id=296:dc-cfo-natwar-gandhi-warns-us-debt-default-could-revive-dc-control-board&catid=65:other&Itemid=136%'
  9. SELECT m.*, c.`option` AS component
      FROM jos_menu AS m
      LEFT JOIN jos_components AS c
      ON m.componentid = c.id
      WHERE m.published = 1
      ORDER BY m.sublevel, m.parent, m.ordering
  10. SELECT template
      FROM jos_templates_menu
      WHERE client_id = 0
      AND (menuid = 0 OR menuid = 136)
      ORDER BY menuid DESC
      LIMIT 0, 1
  11. SELECT a.*, u.name AS author, u.usertype, cc.title AS category, s.title AS SECTION, CASE WHEN CHAR_LENGTH(a.alias) THEN CONCAT_WS(":", a.id, a.alias) ELSE a.id END AS slug, CASE WHEN CHAR_LENGTH(cc.alias) THEN CONCAT_WS(":", cc.id, cc.alias) ELSE cc.id END AS catslug, g.name AS groups, s.published AS sec_pub, cc.published AS cat_pub, s.access AS sec_access, cc.access AS cat_access  
      FROM jos_content AS a
      LEFT JOIN jos_categories AS cc
      ON cc.id = a.catid
      LEFT JOIN jos_sections AS s
      ON s.id = cc.SECTION
      AND s.scope = "content"
      LEFT JOIN jos_users AS u
      ON u.id = a.created_by
      LEFT JOIN jos_groups AS g
      ON a.access = g.id
      WHERE a.id = 296
      AND (  ( a.created_by = 0 )    OR  ( a.state = 1
      AND ( a.publish_up = '0000-00-00 00:00:00' OR a.publish_up <= '2023-02-03 07:26:49' )
      AND ( a.publish_down = '0000-00-00 00:00:00' OR a.publish_down >= '2023-02-03 07:26:49' )   )    OR  ( a.state = -1 )  )
  12. UPDATE jos_content
      SET hits = ( hits + 1 )
      WHERE id='296'
  13. SELECT a.id, CASE WHEN CHAR_LENGTH(a.alias) THEN CONCAT_WS(":", a.id, a.alias) ELSE a.id END AS slug, CASE WHEN CHAR_LENGTH(cc.alias) THEN CONCAT_WS(":", cc.id, cc.alias) ELSE cc.id END AS catslug
      FROM jos_content AS a
      LEFT JOIN jos_categories AS cc
      ON cc.id = a.catid
      WHERE a.catid = 65
      AND a.state = 1
      AND a.access <= 0
      AND ( a.state = 1 OR a.state = -1 )
      AND ( publish_up = '0000-00-00 00:00:00' OR publish_up <= '2023-02-03 07:26:49' )
      AND ( publish_down = '0000-00-00 00:00:00' OR publish_down >= '2023-02-03 07:26:49' )
      ORDER BY a.ordering
  14. SELECT id, title, module, POSITION, content, showtitle, control, params
      FROM jos_modules AS m
      LEFT JOIN jos_modules_menu AS mm
      ON mm.moduleid = m.id
      WHERE m.published = 1
      AND m.access <= 0
      AND m.client_id = 0
      AND ( mm.menuid = 136 OR mm.menuid = 0 )
      ORDER BY POSITION, ordering
  15. SELECT a.*, cc.title AS ctitle, s.title AS stitle,  CASE WHEN CHAR_LENGTH(a.alias) THEN CONCAT_WS(":", a.id, a.alias) ELSE a.id END AS slug, CASE WHEN CHAR_LENGTH(cc.alias) THEN CONCAT_WS(":", cc.id, cc.alias) ELSE cc.id END AS catslug
     
      FROM jos_content AS a
     
      INNER JOIN jos_categories AS cc
      ON cc.id = a.catid
     
      INNER JOIN jos_sections AS s
      ON s.id = a.sectionid
     
      WHERE ( a.state = '1'
      AND a.checked_out = '0' )
     
      AND ( a.publish_up = '0000-00-00 00:00:00' OR a.publish_up <= '2023-02-03 07:26:49' )
     
      AND ( a.publish_down = '0000-00-00 00:00:00' OR a.publish_down >= '2023-02-03 07:26:49' )
     
      AND a.access <= 0
      AND cc.access <= 0
      AND s.access <= 0
     
      AND ( a.catid IN (39,42) )
     
      ORDER BY a.created DESC
      LIMIT 0,5
  16. SELECT a.*, CASE WHEN CHAR_LENGTH(a.alias) THEN CONCAT_WS(":", a.id, a.alias) ELSE a.id END AS slug, CASE WHEN CHAR_LENGTH(cc.alias) THEN CONCAT_WS(":", cc.id, cc.alias) ELSE cc.id END AS catslug
      FROM jos_content AS a
      INNER JOIN jos_categories AS cc
      ON cc.id = a.catid
      INNER JOIN jos_sections AS s
      ON s.id = a.sectionid
      WHERE a.state = 1  
      AND a.access <= 0
      AND cc.access <= 0
      AND s.access <= 0
      AND (a.publish_up = '0000-00-00 00:00:00' OR a.publish_up <= '2023-02-03 07:26:49' )  
      AND (a.publish_down = '0000-00-00 00:00:00' OR a.publish_down >= '2023-02-03 07:26:49' )
      AND cc.id = 82
      AND cc.SECTION = s.id
      AND cc.published = 1
      AND s.published = 1
      ORDER BY a.ordering
      LIMIT 0, 5

0 legacy queries logged

    Language Files Loaded

    Untranslated Strings Diagnostic

    None

    Untranslated Strings Designer

    None
    Smok Nord 4 Poppers Türkiye bahis siteleri slot siteleri canlı casino siteleri İstanbul VIP Taksi Kiralama Şehirler arası nakliyat Kacak bahis sitesi Şehirlerarası evden eve nakliyat instagram takipçi bedavasohbetodalari.site instagram takipçi Evden eve nakliyat Türkiye'den Almanya'ya evden eve nakliyat Almanya'ya ev taşıma fiyatları Gebze Evden eve nakliyat Kilit taşı istanbul ofis taşıma Depolama istanbul evden eve nakliyat casino siteleri deneme bonusu veren siteler bahis siteleri deneme bonusu slot siteleri güvenilir bahis siteleri gaziantep escort gaziantep escort Deneme Bonusu Betz 1 Deneme bonusu veren siteler Bonus veren bahis siteleri Casino siteleri Freespin Yatırımsız deneme bonusu istanbul şehirler arası nakliyat Freebet veren siteler Çevrimsiz deneme bonusu veren siteler Slot casino Deneme bonusu forum Bahisikayet.com Deneme bonusu Deneme bonusu veren siteler Bahis forum Forum bahis Bahis forumu Banko tahmin Sosyal içerik platformu Deneme Bonus bahisdene.com jetbahis Rexbet hovarda güncel adres mobilbahis güncel adres sekabet.net asyabahis güncel adres maltcasino güncel adres> pinbahis100.com betduman.com olabahis.top سایت شرط بندی shartkade.com لیست سایت های شرط بندی سایت های پیش بینی یک بت شهر پوکر شرط وین شرط برو 1xbet-mobil.com