Thursday, November 29, 2012

Debt Limit Increase Not Needed Until Mid-February, CBO Expects

From CBO, "When Is Federal Debt Likely to Reach the Statutory Limit?"
The Treasury anticipates that borrowing will reach the current limit near the end of December 2012. However, because the Treasury can take certain “extraordinary measures” that it has used previously when borrowing reached or approached the debt limit, CBO expects that the department will be able to continue funding government activities without an increase in the debt limit until mid-February or early March.

1 comment :

  1. I wonder what these "extraordinary measures" they are talking about are. They make it sound so mysterious.