CBO – Federal Debt and the Statutory Limit, March 2017
beSpacific 2017-03-12
Summary:
“Under current law, as of March 16, the Treasury will be at the statutory borrowing limit and will need to use “extraordinary measures” to continue raising cash. Those measures would probably be exhausted sometime this fall.” “The debt limit—commonly referred to as the debt ceiling—is the maximum amount of debt that the Department of the […]