Key drivers impacted by the change in our outlook for the company are average daily international priority and economy shipment volumes, and FedEx Express EBITDA margins.
If Congress imposes a hard budget constraint on itself by refusing to raise the debt ceiling and establishes Social Security and interest on the debt as priority must-pays out of revenues before any other programs may be funded, it would require total other, non-priority spending to be reduced not quite one-third on average during the next ten years.