Deadline?

The smirk on his face gives it away, and the scientific community is united in that fact, Obama's White House doesn't really believe August 2 is a drop dead date.

Obama to Banks: We're Not Defaulting

In a series of phone calls, administration officials have told bankers that the administration will not allow a default to happen even if the debt cap isn't raised by the August 2 date

"They also know they can pay the debt with cash on hand".

Then there's this --

‘Wiggle room’ seen on Aug. 2 debt deadline