http://news.tradingcharts.com/futures/5/6/161002965.html

................If a decision is not reached by August 2, the United States federal government would find itself unable to shore up the funds to pay back its debt. While some academics have speculated that the Federal Reserve, as a scenario of last resorts, could initiate emergency measures in order to prevent a default, it is widely accepted that an inability to reach an agreement by August would signal the inability of the U.S. government to repay their lenders....................